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est: Examination 3 Time R 01:02:46 Submit Test 4-23 of 37 (8 complete) In This Question: 2 pts This Test: 100 pts possible Lionworks, Inc.
est: Examination 3 Time R 01:02:46 Submit Test 4-23 of 37 (8 complete) In This Question: 2 pts This Test: 100 pts possible Lionworks, Inc. sold a machine for $40.000, which represents a gain of $4,000. How would this transaction be reflected on the Statement of Cash Flows under the indirect method? O A. O B. C. O D. An addition of $4,000 to net income in the operating section and a cash inflow of $40,000 in the investing section A cash inflow of $36,000 in the investing section A cash inflow of $40,000 in the operating section A subtraction of $4,000 from net income in the operating section and a cash inflow of $40,000 in the investing section Click to select your answer. 2 7 8 9 5 6
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