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Author Question: Lionworks, Inc. sold a machine for $39,000, which represents a gain of $6,000. How would this ... (Read 47 times)

vinney12

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on: Feb 19, 2020
Lionworks, Inc. sold a machine for $39,000, which represents a gain of $6,000. How would this transaction be reflected on the Statement of Cash Flows under the indirect method?
◦ A cash inflow of $33,000 in the investing section
◦ A subtraction of $6,000 from net income in the operating section and a cash inflow of $39,000 in the investing section
◦ A cash inflow of $39,000 in the operating section
◦ An addition of $6,000 to net income in the operating section and a cash inflow of $39,000 in the investing section
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by vinney12 on Feb 19, 2020

blakcmamba

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Reply #1 on: Feb 19, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vinney12

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Reply 2 on: Feb 19, 2020
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
Excellent

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