A Building with a Book Value of $54,000 Is Sold

question 40

Multiple Choice

A 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:

• A) an increase of $54,000 from investing activities
• B) an increase of $63,000 from investing activities and a deduction from net income of $9,000
• C) an increase of $9,000 from investing activities
• D) an increase of $54,000 from investing activities and an addition to net income of $9,000

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Definitions:

Intersexed Individuals

persons born with physical sex markers (genitals, hormones, gonads, or chromosomes) that do not fit typical definitions for male or female categories.

Surgical Enlargement

Medical procedures aimed at increasing the size of a body part or tissue, often utilized for cosmetic or reconstructive purposes.

Genitals

Reproductive organs, especially the external sex organs, involved in sexual reproduction and pleasure.

Intersexed

A general term used for a variety of conditions in which a person is born with reproductive or sexual anatomy that doesn’t seem to fit the typical definitions of female or male.