If a gain of $50 000 is incurred in selling equipment that has a book value of $250 000,the total amount reported in the cash flows from the investing activities section of the statement of cash flows is:

Question

Quizplus · Accepted Answer

The cash flow from investing activities would report the total cash received from the sale, which is the book value plus the gain: $250,000 + $50,000 = $300,000.

If a Gain of $50 000 Is Incurred in Selling