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Land that was originally intended for a second retail site was sold by James Company for $150,000 on September 14, 2017. The land originally cost
Land that was originally intended for a second retail site was sold by James Company for $150,000 on September 14, 2017. The land originally cost James $130,000. If James uses the indirect method of reporting cash flows from operating activities, elements of this sale transaction will be included in which part(s) of the Statement of Cash Flows?
| operating activities section only. |
| financing activities section only. |
| both operating activities section and financing activities section. |
| investing activities section only. |
| both operating activities section and investing activities section. |
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