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Question
A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of
a. $54,000 from investing activities
b. $63,000 from investing activities and a deduction from net income of $9,000
c. $9,000 from investing activities
d. $54,000 from investing activities and an addition to net income of $9,000
Answer
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