No Harm Corporation Sold Some of Its Used Equipment with a Book

Multiple Choice

No Harm Corporation sold some of its used equipment with a book value of $52,000 for $47,000.The indirect method statement of cash flows will reflect an addition in the investing activities section of:

A) $47,000 and a deduction of $5,000 in the operating activities section
B) $47,000 and an addition of $5,000 in the operating activities section
C) $52,000 and an addition of $5,000 in the operating activities section
D) $52,000 and a deduction of $5,000 in the operating activities section