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A building costing $55,000 with $16,500 of accumulated depreciation was sold for $40,000.?

How would the cash flow from the sale appear on the statement of cash flows?

a. $1,500 in operating activities and $38,500 in investing activities.

b. $40,000 in financing activities.

c. $38,500 noncash financing and investing activities and $1,500 in operating activities.

d. $40,000 in investing activities.

Project Finance Accounting Cash Flow Forecasting Financial Systems Feasibility Studies
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Question ajoutée par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date de publication: 2015/07/02
Apprécier (2) Vues (7) Suiveurs (12) Réponses (12) Report Question
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Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Out of available options -  Option D is the right answer.

Zehab Osman
par Zehab Osman , Accountant , Aldar Consultancy Co.

D-----------------------------------------------

Ahmed Hassanin CMA
par Ahmed Hassanin CMA , Financial Planning and Controlling Manager , Methode Electronics

The answer should $40,000 in investing activities. 

Vijayabharathi Kalyanasundaram (ACMA - INDIA)

The answer should $40,000 in investing activities....for sale of asset. ... and $1500 profit on sale has to be adjusted (deducted) from net profit (operating activities) to show the exact cash from operating activities. .......

Shazia Anees
par Shazia Anees , Assistant Manager Finance , Arham Trading Company

option d=====================

Abdul Hakeem
par Abdul Hakeem , Manager Finance & Operation , Samuel Packaging Systems Group

Option a) $1,500 in operating activities and $38,500 in investing activities

Mohamed Abbadi
par Mohamed Abbadi , Accounting Department Manager , Zoofi Tech Co Ltd

The correct answer is the40.000$ in investing activities 

Wasim khan wazir
par Wasim khan wazir , Finance Specialist , Mott Macdonald

D option*******************************

Iftikhar Hussain Shah
par Iftikhar Hussain Shah , Senior Manager , Deloitte LLP

Option D.........................

mehfooz alam khan habib khan
par mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Option D is the right answer.... ...................

lakshminarasimham mallareddi
par lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is C) $38500/- in non  cash financing & investing  activities and $1500/- in operating activities

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