Transaction should be shown on statement of cash flows

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Reference no: EM13823948

A building with a book value of $35,258 is sold for $54,609 cash Using the indirect method, choose how this transaction should be shown on the statement of cash flows.

Select the correct answer.

an increase of $54,609 from investing activities and a deduction from net income of $19,351

an increase of $35,258 from investing activities and an addition to net income of $19,351

an increase of $54,609 from investing activities

an increase of $35,258 from investing activities

Reference no: EM13823948

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