Business
Business, 03.09.2019 16:30, samsmith666

[21] 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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Answers: 2

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[21] bear co. prepares its statement of cash flows using the indirect method. bear sold equipment wi...

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