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A building with a book value of $46,709 is sold for $54,377 cash. Using the indirect method, this transaction should be shown on the statement
A building with a book value of $46,709 is sold for $54,377 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of
a.$54,377 from investing activities and a deduction from net income of $7,668
b.$54,377 from investing activities
c.$46,709 from investing activities and an addition to net income of $7,668
d.$46,709 from investing activities
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