Valdez Company sold land that had cost 48 000 181 Multiple Choice O The 12 000 gain would be subtracted from net Income in the operating activities section using the direct method 48 000 would appear as a cash Inflow from Investing activities and 12 000 would be added in the operating activities section using the Indirect method 60 000 would appear as a cash Inflow from Investing activities The 12 000 gain would be subtracted from net Income in the operating activities section prepared using the Indirect method and 60 000 would be reported as a cash Inflow from Investing ac