A building costing $55,000 with $16,500 of accumulated depreciation was sold for $40,000.?

Question

How would the cash flow from the sale appear on the statement of cash flows?

a. $1,500 in operating activities and $38,500 in investing activities.

b. $40,000 in financing activities.

c. $38,500 noncash financing and investing activities and $1,500 in operating activities.

d. $40,000 in investing activities.

Shahbaz Hayder · Answer

Out of available options - Option D is the right answer.

Zehab Osman · Answer

D-----------------------------------------------

Ahmed Hassanin CMA · Answer

The answer should $40,000 in investing activities.

Vijayabharathi Kalyanasundaram (ACMA - INDIA) · Answer

The answer should $40,000 in investing activities....for sale of asset. ... and $1500 profit on sale has to be adjusted (deducted) from net profit (operating activities) to show the exact cash from operating activities. .......

Shazia Anees · Answer

option d=====================

Abdul Hakeem · Answer

Option a) $1,500 in operating activities and $38,500 in investing activities

Mohamed Abbadi · Answer

The correct answer is the40.000$ in investing activities

Wasim khan wazir · Answer

D option*******************************

Iftikhar Hussain Shah · Answer

Option D.........................

mehfooz alam khan habib khan · Answer

Option D is the right answer....
...................

lakshminarasimham mallareddi · Answer

Correct Answer is C) $38500/- in non cash financing & investing activities and $1500/- in operating activities

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A building costing $55,000 with $16,500 of accumulated depreciation was sold for $40,000.?

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