Sustainability Enterprises Uses the Direct Method When Preparing Its Statement

question 96

Multiple Choice

Sustainability Enterprises uses the direct method when preparing its statement of cash flows. Sustainability sold equipment with a carrying amount of $22,000 at a gain of $5,000. The amount
To be reported on the statement of cash flows under "proceeds from the sale of capital assets" is:

• A) $27,000
• B) $22,000
• C) $5,000
• D) $17,000

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Definitions:

Adolescent Parenthood

The experience of becoming a parent during the teenage years, often entailing unique social, economic, and health challenges.

Economic Disadvantage

A condition wherein individuals or communities have significantly less financial resources and opportunities compared to the broader society.

Sexually Transmitted Infections

Infections transmitted through sexual contact, caused by bacteria, viruses, or parasites.

Health Care Providers

Professionals who offer preventive, curative, promotional, or rehabilitative health care services in a systematic way to individuals, families, or communities.