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

Question:

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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Ali Khawaja

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