Answer:
$692,000
Explanation:
Given that the company recognized a loss of $108,000 from selling a building whose book value is $800,000 for cash,
Amount received from the sale of the building is
= $800,000 - $108,000
= $692,000
The company sold the assets for $692,000 in cash.
The total amount reported in the cash flows from investing activities section of the statement of cash flows is equivalent to the cash received from the disposal of the asset $692,000.
