Phoenix Co. sold an unused building for 187,000. The building's book value on the date of sale was 182,000. How will this transaction appear on a statement of cash flows prepared using the indirect method.
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|1||Depreciation in Indirect Cash Flows||Easy|
|2||Investing Activity Classification||Easy|
|3||Operating Activities, Indirect Method||Easy|
Cash Flows and Gains
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|5||Gain on Sale of Equipment||Moderate|
|6||Investing vs Financing||Moderate|
|7||Comprehensive Cash Flow||Hard|