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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Related Book For
Understanding Financial Statements
ISBN: 9781292101552
11th Global Edition
Authors: Lyn Fraser, Aileen M. Ormiston
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