If a loss of $108,000 is realized when selling (for cash) a building having a book value of $800,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
A)$692,000.
B)$800,000.
C)$908,000.
D)$108,000.

Question

Quizplus · Accepted Answer

The cash received from the sale is the book value minus the loss, which is $800,000 - $108,000 = $692,000. This amount is reported in the cash flows from investing activities.

If a Loss of $108,000 Is Realized When Selling (For