30. a companys old delivery truck had a cost of $70,000 and it had accumulated depreciation of $60,000 when…

30. a companys old delivery truck had a cost of $70,000 and it had accumulated depreciation of $60,000 when the company sold it for $25,000. as a result, the companys income statement reported a gain of $15,000. what amount should be listed under the companys cash flows from investing activities? select... 15,000 (10,000) (15,000) 25,000 of cash dividends to its common stockholders in unt appear on the corporations scf?

30. a companys old delivery truck had a cost of $70,000 and it had accumulated depreciation of $60,000 when the company sold it for $25,000. as a result, the companys income statement reported a gain of $15,000. what amount should be listed under the companys cash flows from investing activities? select... 15,000 (10,000) (15,000) 25,000 of cash dividends to its common stockholders in unt appear on the corporations scf?

Answer

Explanation:

Step1: Identify relevant cash - flow principle

In the cash flows from investing activities, we record the actual cash received from the sale of long - term assets.

Step2: Determine the cash received

The company sold the delivery truck for $25,000. This is the actual cash inflow from the investing activity. The gain of $15,000 on the income statement is a non - cash accounting adjustment.

Answer:

$25,000