A building with a book value of $ 46,000 is sold for $51,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows:
A) an increase of $46,000 from investing activities
B) an increase of $51,000 from investing activities and a deduction from net income of $5,000
C) an increase of $51,000 from investing activities
D) an increase of $46,000 from investing activities and an addition to net income of $5,000

Question

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The Answer of A building with a book value of $ 46,000 is sold for $51,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows:
A) an increase of $46,000 from investing activities
B) an increase of $51,000 from investing activities and a deduction from net income of $5,000
C) an increase of $51,000 from investing activities
D) an increase of $46,000 from investing activities and an addition to net income of $5,000

A Building with a Book Value of $ 46,000 Is