A Loss on the Sale of Machinery in the Ordinary

question 34

Multiple Choice

A loss on the sale of machinery in the ordinary course of business should be presented in a statement of cash flows (indirect method) as

• A) a deduction from net income.
• B) an addition to net income.
• C) an inflow and outflow of cash.
• D) an outflow of cash.

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What-if Analysis

A process that allows for changing variables to see how those changes will affect the outcome of a formula or situation.

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