Question
A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $27,515, representing a gain of
A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $27,515, representing a gain of $3,755. The value of this transaction appearing in the operating activities section of the statement of cash flows is
a. $23,760
b. $31,270
c. $(3,755)
d. $27,515
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The Auditor An Instructional Novella
Authors: James K. Loebbecke
1st Edition
0130799769, 978-0130799760
