Reference no: EM13125844
Almondine compny sold a computer for $50,000. the computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000. the sale of the computer should appear on almondine's annual statement of cash laws(indirect method)as
a. a reduction in cash flows from operating activities of $20,000 and increase in cash flows from investing activities of $50,000.
b. an increase in cash flows from operating activities of $20,000 and increase in cash flows from investing activities of $50,000.
c. a reduction in cash flows from operating activities of $20,000 and increase in cash flows from investing activities of $70,000.
d. an increase in cash flows from operating activities of $20,000 and increase in cash flows from investing activities of $70,000.
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: Almondine compny sold a computer for $50,000. the computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000. the sale of the computer should appear on almondine's annual statement of cash laws(indirec..
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