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How would transaction be reflected on the statement of cash

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Problem 1: ?Lionworks, Inc. sold a machine for $38,000?, which represents a gain of $6,500. How would this transaction be reflected on the Statement of Cash Flows under the indirect? method?

A. An addition of $6,500 to net income in the operating section and a cash inflow of $38,000 in the investing section
B. A cash inflow of $38,000 in the operating section
C. A cash inflow of $31,500 in the investing section
D. A subtraction of $6,500 from net income in the operating section and a cash inflow of $38,000 in the investing section

Reference no: EM132811684

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