Practicing Success
A part of fixed Assets costing ₹2,00,000 (Book value 1,50,000) was sold at a gain of ₹10,000. How it will affect the cash flow statement? |
Inflow ₹1,60,000 in Investing Activities and Add ₹10,000 in Operating Activities Inflow ₹1,60,000 in Investing Activities and less ₹10,000 in Operating Activities Inflow ₹2,10,000 in Investing Activities Add ₹10,000 in Operating Activities Inflow ₹2,10,000 in Investing Activities and Less ₹10,000 in Operating Activities |
Inflow ₹1,60,000 in Investing Activities and less ₹10,000 in Operating Activities |
Inflow ₹1,60,000 in Investing Activities as this is the sale value(150000 book value + 10000 gain). |