Question
In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is a.reported supplementally as a noncash investing
In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is
a.reported supplementally as a noncash investing and financing activity
b.added to net income
c.deducted from net income
d.ignored because it does not affect cash
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Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
