If a Gain of $11,000 Is Realized in Selling (For

question 75

Multiple Choice

If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

• A) $44,000
• B) $11,000
• C) $55,000
• D) $66,000