A building with a book value of 40219 is sold for 55018


A building with a book value of $40,219 is sold for $55,018 cash using the indirect method, choose how this transaction should be shown on the statement of cash flows.

an increase of $55,018 from investing activities

an increase of $55,018 from investing activities and a deduction from net income of $14,799       

an increase of $40,219 from investing activities and an addition to net income of $14,799              

 

an increase of $40,219 from investing activities

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Financial Accounting: A building with a book value of 40219 is sold for 55018
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