If an asset is sold at a gain, why is the gain deducted from net income when

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If an asset is sold at a gain, why is the gain deducted from net income when computing the net cash provided by operating activities under the indirect method?

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Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Question Posted: Jun 30, 2011 01:20 AM

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If an asset is sold at a gain, why is the gain deducted from net income when

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Since the entire proceeds from a sale ...View the full answer

Managerial Accounting

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