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Why are gains and losses from asset sales removed from net income when calculating the cash flows from operating activities? a. Selling assets is a

Why are gains and losses from asset sales removed from net income when calculating the cash flows from operating activities?

a.

Selling assets is a noncash item.

b.

Gains and losses from asset sales are a financing activity.

c.

Gains and losses are not removed from net income when calculating the cash flows from operating activities

d.

The entire proceeds from sales of long-lived assets are included in investing activities.

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