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Wanda Company sold an asset for $10,000 on September 6, 2015. The historical cost of the asset was $22,000, and the asset's accumulated depreciation at the date of sale was $14,500.

Wanda will record a cash inflow from operating activities of $10,000 in its 2015 financial statements.

Wanda will record a cash inflow from investing activities of $10,000 in its 2015 financial statements.

Wanda will record a cash inflow from investing activities of $2,500 in its 2015 financial statements.

Wanda will record no cash flows related to this asset on its 2015 statement of cash flows.

Reference no: EM13912795

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