If a Company Sells an Asset for $10,000 That Had

question 75

Multiple Choice

If a company sells an asset for $10,000 that had originally cost $30,000 and had $24,000 of accumulated depreciation, what would be reported on the cash flow statement?

• A)Add back a $4,000 gain in cash from operations, $10,000 inflow in investing activities.
• B)Deduct a $4,000 gain in cash from operations, $10,000 inflow in investing activities.
• C)$4,000 inflow in investing activities
• D)$10,000 inflow in investing activities

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