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A loss on the sale of machinery in the ordinary course of business should be presented in a statement of cash flows (using indirect
A loss on the sale of machinery in the ordinary course of business should be presented in a statement of cash flows (using indirect approach for operating activities) as a(n) O Inflow and outflow of cash. O Deduction from net income. O Outflow of cash. O Addition to net income.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
