Q11-46. On an indirect method statement of cash flows, a gain on the sale of PPE would
Question:
Q11-46. On an indirect method statement of cash flows, a gain on the sale of PPE would be
a. reported in the investing activities section.
b. ignored, since the gain did not generate any cash.
c. added to net income in the operating activities section.
d. deducted from net income in the operating activities section.
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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