A loss on sale of a plant asset occurs when the proceeds of the sale are: Select one: a. Greater than book value of the asset sold. b. Less than book value of the asset sold. c. Less than residual value of the asset sold. d. Less than fair value of the asset sold. Each of the following is added to net income in computing net cash provided by operating activities except Select one: a. A gain on sale of equipment. b. A decrease in inventory. c. An increase in accrued expenses payable. d. Amortization expense