Atlanta Company Sold Equipment for Cash

question 166

Multiple Choice

Atlanta Company sold equipment for cash.The income statement shows a gain on the sale of $1020.The net book value of the asset was $3810.Which of the following statements describes the cash effect of the transaction?

• A) negative cash flow of $4830 for financing activities
• B) negative cash flow of $2790 for operating activities
• C) positive cash flow of $4830 from investing activities
• D) positive cash flow of $2790 from investing activities

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Definitions:

Behavior

The actions or reactions of an entity (often a person) in response to external or internal stimuli.

Conflict Management

The practice of recognizing and dealing with disputes in a rational, balanced and effective way.

Compromising Style

A conflict resolution strategy that entails finding a middle ground or mutual concession between conflicting parties.

Conflict Management

refers to the process of identifying and addressing differences that could escalate into a dispute, employing strategies to resolve them in a constructive manner.