GRI Performance Enterprises uses the direct method when preparing its statement of cash flows.GRI Performance sold equipment with a book value of $8,000 at a gain of $2,500.The amount to be reported on the statement of cash flows in the operating activities section is:
A) $0
B) ($2,500)
C) $2,500
D) $10,500

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The Answer of GRI Performance Enterprises uses the direct method when preparing its statement of cash flows.GRI Performance sold equipment with a book value of $8,000 at a gain of $2,500.The amount to be reported on the statement of cash flows in the operating activities section is:
A) $0
B) ($2,500)
C) $2,500
D) $10,500

GRI Performance Enterprises Uses the Direct Method When Preparing Its