Beyond the Boardroom Corporation sold used equipment with a book value of $25,000 for $29,000.The indirect method statement of cash flows will reflect:
A) an addition of $29,000 in the investing activities section and an addition of $4,000 in the operating activities section
B) an addition of $25,000 in the investing activities section and an addition of $4,000 in the operating activities section
C) an addition of $29,000 in the investing activities section and a deduction of $4,000 in the operating activities section
D) an addition of $25,000 in the investing activities section and a deduction of $4,000 in the operating activities section
Correct Answer:
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