A building costing $67,000 was sold at a loss of $8000. On the date of the sale, the building had accumulated depreciation of $32,000. On the statement of cash flows, what amount should be reported as an investing activity from sale of the building?

a. $27,000
b. $24,000
c. $43,000
d. $59,000

Answer: a. $27,000

Business

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