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U. SVUUUU 20. A company sold a piece of equipment that had a book value of $ 60,000. The sale price was $ 45,000. How does this transaction affect the cash flow of the business? a. Cash reduction in operating activities for $ 15,000 b. Increase in cash in investing activities for $ 45,000 c. Both a and b are correct d. Neither a norb are correct 21. If a company uses the indirect method to present operational activities, how does it present the amortization of the discount on a bond investment? a. Not presented anywhere in the statement of cash flows b. It is not presented in the operational activities section, but it is presented in the investment. c. It is included among the items that are added to the net income from operating activities. d. It is included among the items that are subtracted from the net income in operating activities. 22. The statement of income and expenses of a company shows a net loss of $ 120,000. There are only three adjustment items for the indirect method: (1) depreciation expense $ 50,000; (2) loss on sale of fixed assets $ 80,000 and (3) increase in unearned income (unearned Revenue) $ 90,000. The cash generated (inflow) or used (outflow) by operating activities was: I a. $ 340,000 net inflow b. $ 100,000 net inflow c. $ 80,000 net outflow d. $ 60,000 net outflow