Answer:
The statement of cash flows should Star Media report the sale of plant assets under investing activities and the sale value is $31,000.
Explanation:
The cash flow statements deal with three types of statements which include operating activities, investing activities, and financing activities.
The operating activities record those transactions which impact the working capital or we can say increase or decrease in the current assets and current liabilities.
The investing activities deal with the purchase and sale of fixed assets
The financing activities deal with the issue of shares, repayment of the debt, etc.
So,
The cash flow of Star Media should report the sale of plant assets under investing activities
And, the selling value of assets is calculated by using an equation which is shown below:
= Disposal value of plant - accumulated depreciation of disposal - loss on the sale of assets
= 52,500 - 10,500 - 11,000
= $31,000
Hence, the statement of cash flows should Star Media report the sale of plant assets under investing activities and the sale value is $31,000.
