Almondine Company Sold a Computer for $50,000

Multiple Choice

Almondine Company sold a computer for $50,000.The computer's original cost was $250,000,and the accumulated depreciation at the date of sale was $180,000.The sale of the computer should appear on Almondine's annual statement of cash flows (indirect method) as

A) a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000.
B) an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000.
C) a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
D) an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.