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Business, 04.12.2019 21:31 Sadiecoyle37

Company uses the indirect method to prepare the statement of cash flows. it sold a piece of equipment at a loss of $8600. the equipment was purchased several years ago for $72,500 and had accumulated depreciation of $57,900. what is reported under the operating activities section on the statement of cash flows? a) cash proceeds of $6000 are subtracted from net income. b) cash proceeds of $6000 are added to net income. c) the loss of $8600 is subtracted from net income. d) the loss of $8600 is added to net income.

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