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

(e) 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: 9780131878563

8th Edition

Authors: Lyn M Fraser, Aileen Ormiston

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Question Posted: Oct 04, 2024 10:00 AM

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

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Understanding Financial Statements

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