Using the Indirect Method If Equipment Is Sold at a Gain

question 130

Multiple Choice

Using the indirect method if equipment is sold at a gain the

• A) sale proceeds received are deducted in the operating activities section.
• B) sale proceeds received are added in the operating activities section.
• C) amount of the gain is added in the operating activities section.
• D) amount of the gain is deducted in the operating activities section.