A building with a book value of $49,315 is sold for $53,135 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of: a. $49,315 from investing activities b. $53,135 from investing activities c. $53,135 from investing activities and a deduction from net income of $3,820 d. $49,315 from investing activities and an addition to a net income of $3,820
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- A building with a book value of $43,555 is sold for $59,366 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a $43,555 in the investing activities section b. $59,366 in the investing activities section Oc$59,366 in the investing activities section and a deduction of $15,811 from net income in the operating activities section Od $43,555 in the investing activities section and an addition of $15,811 to net income in the operating activities sectionIf a gain of RO 20,.000 is made in relation to selling (for cash) office equipment having a book value of RO Bo.000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one O a RO 60,00o. O b RO20,0o0. c RO 100,000. O d RO 80.0o00.A building with a book value of $36,213 is sold for $60,055 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.$36,213 from investing activities b.$60,055 from investing activities and a deduction from net income of $23,842 c.$36,213 from investing activities and an addition to net income of $23,842 d.$60,055 from investing activities
- A building with a book value of $35,892 is sold for $53,310 cash. Using the indirect method, choose how this transaction should be shown on the statement of cash flows. Select the correct answer. -an increase of $53,310 from investing activities and a deduction from net income of $17,418 -an increase of $35,892 from investing activities -an increase of $53,310 from investing activities -an increase of $35,892 from investing activities and an addition to net income of $17,418Use the following excerpts from Nutmeg Company's financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year Purchased land this year Sold investments this year Original cost of investments that were sold $83,700 20,000 31,500 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities Net cash flows from investing activitiesA building with a book value of $41,219 is sold for $57,394 cash. Using the indirect method, choose how this transaction should be shown on the statement of cash flows. Select the correct answer. an increase of $41,219 from investing activities and an addition to net income of $16,175 an increase of $41,219 from investing activities an increase of $57,394 from investing activities an increase of $57,394 from investing activities and a deduction from net income of $16,175 4:06 PM 12/20/2019
- Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: Group of answer choices an increase of $54,000 from investing activities an increase of $63,000 from investing activities and a deduction from net income of $9,000 an increase of $9,000 from investing activities an increase of $54,000 from investing activities and an addition to net income of $9,000A building with a book value of $38,179 is sold for $57,462 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: a. an increase of $57,462 from investing activities b. an increase of $38,179 from investing activities c. an increase of $38,179 from investing activities and an addition to net income of $19,283 d. an increase of $57,462 from investing activities and a deduction from net income of $19,283
- If a gain of $30,000 is incurred in selling (for cash) long-term investments having a book value of $180,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a. $150,000. b. $180,000. c. $210,000. d. $30,000.If a loss of R.O.5,000 is incurred in selling (for cash) office equipment having a book value of R.O.100,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one: O a. R.O.95,000. O b.R.O.115,000. c. R.O.15,000. O d. d. R.O.100,00o,If a gain of $8,077 is realized in selling (for cash) office equipment having a book value of $59,041, the total amount reported in the investing activities section of the statement of cash flows is?