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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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