On an indirect method statement of cash flows, a gain on the sale of plant assets is
Question:
On an indirect method statement of cash flows, a gain on the sale of plant assets is
a. Added to net income in the operating activities section.
b. Deducted from net income in the operating activities section.
c. Reported in the investing activities section.
d. Ignored, because the gain did not generate any cash.
Select the best choice from among the possible answers given.
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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