Which statement is true for gains and losses from capital asset sales? (a) They do not affect

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Which statement is true for gains and losses from capital asset sales?

(a) They do not affect cash and are excluded from the statement of cash flows.

(b) They are included in cash flows from operating activities.

(c) They are included in cash flows from investing activities.

(d) They are included in cash flows from financing activities.

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Understanding Financial Statements

ISBN: 9781292101552

11th Global Edition

Authors: Lyn Fraser, Aileen M. Ormiston

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