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Sale of an asset at a loss will affect which activities? a) Operating activity will have the loss added to profit; investing will increase for
Sale of an asset at a loss will affect which activities?
a) Operating activity will have the loss added to profit; investing will increase for the
proceeds on the sale.
b) Operating activity will have the loss subtracted from profit; investing activities will
increase for the proceeds on the sale.
c) Operating activity will have the loss added to profit; financing activities will increase
for the proceeds on the sale.
d) Operating activity will have the loss subtracted to profit; financing activities will
increase for the proceeds on the sale.
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