A building with a book value of $46,633 is sold for $53,260 cash. Using the indirect method, choose how this transaction should be shown on the statement of cash flows.
a. an increase of $37,164 from investing activities
b. an increase of $37,164 from investing activities and an addition to net income of $17,976
c. an increase of $55,140 from investing activities and a deduction from net income of $17,976
d. an increase of $55,140 from investing activities
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A building with a book value of $46,633 is sold for $53,260 cash. Using the indirect method, choose...
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