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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 Deduction from net income. O Outflow of cash. O Addition to net income. O Inflow and outflow of cash.
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
