Question
15) A loss on the sale of equipment would appear on the statement of cash flows as a(n) a.item listed in a separate schedule of
15) A loss on the sale of equipment would appear on the statement of cash flows as a(n)
a.item listed in a separate schedule of noncash investing and financing activities
b.addition to net income in the operating activities section using the indirect method
c.deduction from net income in the operating activities section using the indirect method
d.inflow of cash in the investing activities section
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Study Guide With Working Papers, Chapters 1-9 For Heintz/Parrys College Accounting
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285059379, 9781285059372
