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Doff Manufacturing Co. sold equipment that cost $12000 for$3000. Depreciation of $10000 had been taken on the equipment.How is the Cash Flows from Operating Activities affected on thestatement of cash flows prepared by the indirect method?A. The loss of $1000 is added to Net IncomeB. The gain of $ 1000 is added to Net IncomeC. The gain of $ 1000 is deducted from Net IncomeD. The loss of $1000 is deducted from Net IncomeLOL Organization acquired land valued at $56000 for 4200 sharesof its stock. Where on the Statement of Cash flows does thistransaction activity appear?A. Operating ActivitiesB. Investing ActivitiesC. Financing ActivitiesD. Separate Disclosures