Vargas company sold a piece of land for $39,000 that had originally cost $32,500. this event would:

Given that the piece of land had an initial cost of $32,500 and Vargas company sold it for $39,000. The profit realizable will be:

Profit=Buying price-selling price

=39000-32500

=$6500

This implies that this event would give the company a profit of $6500, the event will not affect the operating income and increase cash flows from investing activities by $39,000 hence the answer is:

D] all of these answer choices are correct.