None A building with a book value of $49,315 is sold for $53,135 cash.Using the indirect method, this transaction should be shown onthe statement of cash flows as an increase of:a. $49,315 from investing activitiesb. $53,135 from investing activitiesc. $53,135 from investing activities and a deduction from netincome of $3,820d. $49,315 from investing activities and an addition to a netincome of $3,820

Step 1: Definition of Statement of Cash Flows:The cash flow statement in management accounting shows…

Answered: A building with a book value of $49,315…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6DQ

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