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Under the indirect method of preparing the statement of cash flows, a gain on the sale of equipment is: Select one: a. added to net
Under the indirect method of preparing the statement of cash flows, a gain on the sale of equipment is:
Select one:
a. added to net income in the operating activities section
b. ignored since this transaction does not affect cash
c. subtracted from the book value of the equipment in the financing activities section
d. subtracted from net income in the operating activities section
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