Multiple Choice
A company sold a piece of land for $40,000 which had an original cost of $25,000. What is the cash flow effect of this transaction?
A) $15,000 increase in cash flows from operations
B) $40,000 increase in cash flows from operations
C) $40,000 increase in cash flows from investing activities
D) $15,000
Correct Answer:
Verified
Correct Answer:
Verified
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