Cash using the indirect method-statement of cash flows

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A building with a book value of $40,219 is sold for $55,018 cash using the indirect method, choose how this transaction should be shown on the statement of cash flows.

an increase of $55,018 from investing activities

an increase of $55,018 from investing activities and a deduction from net income of $14,799

an increase of $40,219 from investing activities and an addition to net income of $14,799

an increase of $40,219 from investing activities

Reference no: EM13827200

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Cash using the indirect method-statement of cash flows : A building with a book value of $40,219 is sold for $55,018 cash using the indirect method, choose how this transaction should be shown on the statement of cash flows.

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