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What the total amount reported in the cash flows

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Reference no: EM133010611

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Q1. If a loss of $12,500 is incurred in selling (for cash) office equipment having a book value of $50,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

a. $62,500

b. $37,500.

c. $50,000.

d. $12,500

Q2. If a gain of $10,000 is incurred in selling (for cash) office equipment having a book value of $100,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

a. $10,000

b. $100,000

c. $110,000.

d. $90,000.

Reference no: EM133010611

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