Business, 20.12.2019 02:31, willcohen42
During the current year, a tornado completely destroyed a building belonging to holland corp. the building cost $100,000 and had accumulated depreciation of $48,000 at the time of the loss. holland received a cash settlement from the insurance company and reported a loss of $21,000. in holland’s current-year cash flow statement, the net change reported in the cash flows from investing activities section should be
a. $21,000 decrease.
b. $52,000 decrease.
c. $10,000 increase.
d. $31,000 increase.
Answers: 1
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During the current year, a tornado completely destroyed a building belonging to holland corp. the bu...
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