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On an indirect method statement of cash flows, a gain on the sale of plant assets would be A. reported in the investing activities section.
On an indirect method statement of cash flows, a gain on the sale of plant assets would be
A.
reported in the investing activities section.
B.deducted from net income in the operating activities section.
C.ignored, since the gain did not generate any cash.
D.added to net income in the operating activities section
and
On an indirect method statement of cash flows, an increase in a prepaid insurance would be A. added to increases in current assets.B. added to net income.C. deducted from net income.D.included in payments to supplier
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