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Concord Company sold some of its plant assets during 2024 . The original cost of the plant assets was $907000 and the accumulated depreciation at
Concord Company sold some of its plant assets during 2024 . The original cost of the plant assets was $907000 and the accumulated depreciation at the date of sale was $850000. The proceeds from the sale of the plant assets were $90400. The information concerning the sale of the plant assets should be shown on Concord's statement of cash flows (indirect method) for the year ended December 31, 2024, as a(n) addition to net income of $33400 and a $90400 increase in cash flows from investing activities. addition of $90400 to net income. subtraction from net income of $33400 and a $57000 increase in cash flows from financing activities. subtraction from net income of $33400 and a $90400 increase in cash flows from investing activities
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