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A Jackson Company classifies investment in equity securities as an operating activity based on their nature and purpose. In a statement of cash flows in
A Jackson Company classifies investment in equity securities as an operating activity based on their nature and purpose. In a statement of cash flows in which the operating activities section is prepared under the indirect method, the realized gain on an investment in equity securities should be presented as a(n) Deduction from net income in the amount of the gain. Addition to net income in the amount of the securities' fair value at the beginning of the period. Cash inflow from investing activities. Both a deduction from net income in the amount of the gain and cash inflow from investing activities
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