If a loss of $27,000 is incurred in selling (for cash) office equipment having a book value of $200,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
A) $173,000.
B) $200,000.
C) $227,000.
D) $27,000.

Question

Quizplus · Accepted Answer

The cash flows from investing activities would report the actual cash received from the sale, which is the book value minus the loss: $200,000 - $27,000 = $173,000.

If a Loss of $27,000 Is Incurred in Selling (For