If a company sells equipment with a Net Book Value of $10,000 for $15,000 cash, what is shown on the statement of cash flows? (You must select the TWO correct answers to gain full credit on this question)

(check all that apply)

[] Investing Section: $15,000 inflow from the sale of equipment

[] Operating Section: Subtraction from Net Income of $5,000 for the gain on sale

[] Operating Section: Addition to Net Income of $5,000 for the gain on sale

[] This transaction would not be shown on the statement of cash flows.

[] Financing Section: $15,000 outflow from the sale of equipment