Business
Seewald720
2017-08-21 10:07:45
A corporation uses the indirect method for preparing the statement of cash flows. a fixed asset has been sold for $25,000 representing a gain of $4,500. the value in the operating activities section regarding this event would be
ANSWERS
kevinwjy08
2017-08-21 14:53:35

The operation transaction for this event will include a fixed asset plus its representing gain, which can be indicated as below. *fixed asset + gain = new calculated asset* $25,000 + $4,500 = $29,500 Their new calculated asset is now $29,500.

ADD ANSWER