Valdez CoSold Land That Had Cost $48,000 for $60,000 Cash

Valdez Co.sold land that had cost $48,000 for $60,000 cash.

A) The $12,000 gain would be subtracted from net income in the operating activities section using the indirect method.
B) $48,000 would appear as a cash inflow from investing activities and $12,000 would be added in the operating activities section using the indirect method.
C) $60,000 would appear as a cash inflow from investing activities.
D) The $12,000 gain would be subtracted from net income in the operating activities section using the indirect method and $60,000 would appear as a cash inflow from investing activities.