Rouse Company owned an asset that had cost $32,000.The company sold the asset on January 1,2012 for $8,000.Accumulated depreciation on the day of sale amounted to $26,000.Based on this information,the sale would result in:
A) an $8,000 increase in total assets.
B) a $6,000 cash inflow in the financing activities section of the cash flow statement.
C) a $2,000 decrease in total assets.
D) an $8,000 cash inflow in the investing activities section of the cash flow statement.
Correct Answer:
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