Almondine Company sold a computer for $50,000 . The computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000 . The sale of the computer should appear on Almondine's annual statement of cash flows (indirect method) as
a. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000.
b. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000.
c. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
d. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
B
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