A company reports net income of $15,000 that includes a $3,000 gain on the sale of plant

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A company reports net income of $15,000 that includes a $3,000 gain on the sale of plant assets.Why is this gain subtracted from net income in computing cash flow from operating activities using the indirect method?

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Financial Accounting Information For Decisions

ISBN: 9780072974720

3rd Edition

Authors: John J Wild

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Question Posted: Jun 21, 2024 09:05 AM

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A company reports net income of $15,000 that includes a $3,000 gain on the sale of plant

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Financial Accounting Information For Decisions

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