A Building with a Book Value of $54,000 Is Sold

Multiple Choice

A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of

A) $54,000 from investing activities
B) $63,000 from investing activities and a deduction from net income of $9,000
C) $9,000 from investing activities
D) $54,000 from investing activities and an addition to net income of $9,000