A company sold a piece of land for $40,000 which had an original cost $25,000.What is the cash flow effect of this transaction?
A) A $15,000 increase in cash flows from operations.
B) A $40,000 increase in cash flows from operations.
C) A $15,000 increase in cash flows from investing activities.
D) A $40,000 increase in cash flows from investing activities.
Correct Answer:
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