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.

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Definitions:

Day-care Facilities

Places that provide care and supervision for children or dependent adults during the day, offering various educational and recreational activities.

Parkinson's Disease

A progressive neurological disorder characterized by motor symptoms such as tremors, stiffness, and bradykinesia, as well as non-motor symptoms.

Neurological Disorder

A disorder affecting the nervous system, including the brain, spinal cord, and nerves, often impacting movement, sensory perceptions, or cognitive functions.

Tremors

Involuntary, rhythmic muscle contractions leading to shaking movements in one or more parts of the body.