When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of a decrease in the Investment account of $100,000 which occurred because of
When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of a decrease in the Investment account of $100,000 which occurred because of the sale of the Investment for cash of $125,000 ( a gain of $25,000)?
Group of answer choices
Add the $100,000 as Cash received from the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
|
Less the $100,000 as Cash paid for the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
|
Add the $125,000 as Cash received from the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
Less the $125,000 as Cash paid for the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
Step by step
Solved in 3 steps
