If a loss of $12,500 is incurred in selling (for cash) office equipment having a book value of $50,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
A) $37,500.
B) $50,000.
C) $62,500.
D) $12,500.

Question

Quizplus · Accepted Answer

The total amount reported in the cash flows from investing activities section would be $37,500, which is the cash received from the sale of the office equipment. This is calculated by subtracting the loss of $12,500 from the book value of $50,000.

If a Loss of $12,500 Is Incurred in Selling (For