Describe how we report a gain or loss on the sale of an asset in the statement

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Describe how we report a gain or loss on the sale of an asset in the statement of cash flows using the indirect method. Why do we report it this way?

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 15, 2014 04:48 AM

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Describe how we report a gain or loss on the sale of an asset in the statement

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We subtract a gain on sale of assets and add a loss on sale of assets to net incom...View the full answer

Financial Accounting

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