A Company Sells Equipment at a Loss

A company sells equipment at a loss. If the company prepares the statement of cash flows using the indirect method or the direct method, where would this transaction appear?

A) The sale of equipment at a loss would be presented in the investing activities section as a cash payment under both methods.
B) The sale of equipment at a loss would be presented in the investing activities section as a cash receipt under both methods.
C) The sale of equipment at a loss would be presented in the operating activities section as a reduction in net income under the indirect method and as a cash receipt under the direct method.
D) The sale of equipment at a loss would be presented in the financing activities section as a cash receipt under both methods.