When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of a decrease in the Investment account of $100,000 which occurred because of
When preparing the Statement of
Group of answer choices
Add the $100,000 as Cash received from the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
|
Less the $100,000 as Cash paid for the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
|
Add the $125,000 as Cash received from the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
Less the $125,000 as Cash paid for the sale of investment in the Cash flow from Investing Activities section of the Statement of Cash Flow.
Step by step
Solved in 3 steps
