A building with a book value of $36,071 is sold for $58,166 cash. Using the indirect method, choose how this transaction should be shown on the statement of cash flows. Select the correct answer.
a. an increase of $58,166 from investing activities
b. an increase of $58,166 from investing activities and a deduction from net income of $22,095
c. an increase of $36,071 from investing activities
d. an increase of $36,071 from investing activities and an addition to net income of $22,095
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Home » Business » A building with a book value of $36,071 is sold for $58,166 cash. Using the indirect method, choose how this transaction should be shown on the statement of cash flows. Select the correct answer. a. an increase of $58,166 from investing activities b.