Hitchcock Enterprises Sold a Vacant Plot of Land for $20,000

Multiple Choice

Hitchcock Enterprises sold a vacant plot of land for $20,000. The company had paid $4,000 for the land ten years ago. On the statement of cash flows, this transaction would be reported as a(n) ________.

A) operating cash inflow of $16,000
B) investing cash inflow of $16,000
C) investing cash flow of $20,000
D) financing cash inflow of $20,000