![subject](/tpl/images/cats/ekonomika.png)
Business, 13.07.2021 15:20 raytaygirl
Illinois Woodworking Company is preparing its statement of cash flows using the indirect method. During the year, Illinois Woodworking sold equipment for $5990 cash. The net book value of the asset was $4770. Which of the following statements is true?
A. The gain on sale of $1,020 is shown as a positive cash flow in the financing activities section.
B. The gain on sale of $1,020 is added back to net income in the operating activities section.
C. The book value of the assets sold is shown as a negative cash flow in the investing activities section.
D. The cash receipt of $5,990 is shown as a positive cash flow in the investing activities section.
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 02:00, Trumpman137
In his speech on varying explanations of how the earth came into existence, eduardo begins with opinions, moves to inferences, and uses scientific facts in support of his last point. what principle of supporting material organization is eduardo utilizing in his speech?
Answers: 3
You know the right answer?
Illinois Woodworking Company is preparing its statement of cash flows using the indirect method. Dur...
Questions in other subjects:
![Konu](/tpl/images/cats/mat.png)
Mathematics, 23.04.2020 23:18
![Konu](/tpl/images/cats/mkx.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 23.04.2020 23:18
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/en.png)
English, 23.04.2020 23:18
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 23.04.2020 23:18
![Konu](/tpl/images/cats/biologiya.png)
Biology, 23.04.2020 23:18
![Konu](/tpl/images/cats/mat.png)
Mathematics, 23.04.2020 23:18