Question
Under the indirect method of preparing the statement of cash flows, a gain on the sale of equipment is: added to net income in the
Under the indirect method of preparing the statement of cash flows, a gain on the sale of equipment is:
added to net income in the operating activities section.
ignored since this transaction does not affect cash.
subtracted from the book value of the equipment in the financing activities section.
subtracted from net income in the operating activities section.
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Guide To Audit Data Analytics
Authors: AICPA
1st Edition
1945498641, 978-1945498640
