If a loss of $25000 is incurred in selling (for cash) office equipment having a book value of $90000 the total amount reported in the cash flows from investing activities section of the statement of cash flows is
A) $65000.
B) $90000.
C) $115000.
D) $25000.

Question

Quizplus · Accepted Answer

The total amount reported in the cash flows from investing activities section would be $65,000, which is the cash received from the sale. This is calculated by subtracting the loss ($25,000) from the book value of the office equipment ($90,000).

If a Loss of $25000 Is Incurred in Selling (For