GRI Performance Enterprises uses the direct method when preparing its statement of cash flows. GRI Performance sold equipment with a carrying amount 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) $2,500
B) ($2,500)
C) $10,500
D) $0

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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 carrying amount 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) $2,500
B) ($2,500)
C) $10,500
D) $0

GRI Performance Enterprises Uses the Direct Method When Preparing Its