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Entity L reported net income of $215,000 for the current year and uses the indirect method to report operating activities cash flow. Entity L reported
Entity L reported net income of $215,000 for the current year and uses the indirect method to report operating activities cash flow. Entity L reported a loss on sale of used equipment of $50,000. Choose the appropriate category on the statement of cash flows to report the loss. Cash Flows From Operating Activities-Add to Net Income Cash Flows From Operating Activities-Deduct from Net Income Cash Flows From Investing Activities Cash Flows From Financing Activities Non-cash
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