Which of these items will appear in a statement of cash flows?
A)Carrying value of an asset sold.
B)Adjustment in the balance of an asset account caused by a revaluation.
C)Proceeds from the sale of a fixed asset.
D)All of the above.

Question

Quizplus · Accepted Answer

Proceeds from the sale of a fixed asset will appear in the statement of cash flows under the cash flows from investing activities section. The carrying value of an asset sold and adjustment in the balance of an asset account caused by revaluation do not directly affect the cash flow and will not appear in the statement of cash flows.

Which of These Items Will Appear in a Statement of Cash