Business, 07.03.2020 04:43 mzink23

Bear Co. prepares its statement of cash flows using the indirect method. Bear sold equipment with a carrying value of $500,000 for cash of $400,000. How should Bear report the transaction in the operating and investing activities sections of its statement of cash flows?Operating Activities // Investing Activities

a. $100,000 addition to net income // $400,000 cash inflow
b. $100,000 subtraction from net income // $400,000 cash inflow
c. $100,000 addition to net income // $500,000 cash inflow
d. $100,000 subtraction from net income // $500,000 cash inflow

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Bear Co. prepares its statement of cash flows using the indirect method. Bear sold equipment with a...

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