Nickels Inc

question 14

Multiple Choice

Nickels Inc.prepares its statement of cash flows using the direct method.If Nickels sells equipment for a gain of $35,000 when the book value is $100,000,what amount will be reported on the statement of cash flows operating activities

• A)$0
• B)($35,000)
• C)($65,000)
• D)$65,000
• E)None of the answer choices is correct.

---

Definitions:

Impact

Refers to the influence or effect an action, event, or decision has on something or someone.

Moment

A quantifiable measure of the shape of a set of points or a function, used in various scientific fields, especially physics and statistics, to describe physical properties or probability distributions.

Express Mail Service

A global mail service for sending documents and parcels quickly and with tracking capabilities.