Question：Blacksmith disposes of assets with a carrying value of $21,000 for $30,000 on 7.3.X1. In the statement of cash flows using the indirect method for that year this will be reflected as:
A. Cash flows from operating activities reconciliation: $(9,000); Cash-inflow: $30,000.
B. Cash flows from operating activities reconciliation: $21,000; Cash-inflow: $30,000.
C. Cash flows from operating activities reconciliation: $(21,000); Cash-inflow: $30,000.
D. Cash flows from operating activities reconciliation: $9,000; Cash-inflow: $30,000.
The correct answer is: Cash flows from operating activities reconciliation: $(9,000); Cash-inflow: $30,000.
解析：The $9,000 profit is shown before operating profit in the income statement. As it is not a cash flow it is deducted from the profit in the reconciliation of net profit before tax to net cash from operating activities. The cash received was $30,000 and this is an inflow under the heading of cash flows from investing activities.
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