On an indirect-method statement of cash flows, a gain on (he sale of plant assets would be

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a. ignored, because the gain did not generate any cash.

b. reported in the investing activities section.

c. deducted from net income in the operating activities section.

d. added to net income in the operating activities section.

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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Question Posted: May 10, 2024 09:00 AM

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On an indirect-method statement of cash flows, a gain on (he sale of plant assets would be

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Financial Accounting

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