Suzanne Inc

question 8

Multiple Choice

Suzanne Inc.'s policy is to report all cash flows arising from interest and dividends in the operating activities section.The activities for the year ended December 31,2018 included the following: • Interest revenue for the period was $12,000.The interest receivable account decreased $3,000.
• Sold an available-for-sale investment for $10,000.The book value was $5,000.
Using the indirect method,how much would be presented as cash flow from operating activities?

• A) Proceeds from disposal in the amount of 10,000 + Interest received in the amount of 12,000.
• B) Proceeds from disposal in the amount of 10,000 + Interest received in the amount of 15,000.
• C) Gain on sale in the amount 5,000 + Interest received in the amount of 12,000.
• D) Adjustment to Net Income of -5,000 for gain on sale + Interest cash flow of +15,000.

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