Question
A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $27,754, representing a gain of
A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $27,754, representing a gain of $3,631. The value of this transaction appearing in the operating activities section of the statement of cash flows is
a.$(3,631) b.$31,385 c.$24,123 d.$27,754
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
5th Edition
0072975865, 978-0072975864
