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.

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Definitions:

Inheritance

A feature of object-oriented programming where a class can inherit properties and methods from another class.

Default Access

A type of access modifier in Java where a member is accessible within its own package and is not available from outside the package if no specific access modifier is specified.

Package Access

A type of access control in Java where members of a class are accessible within the same package but not from outside.

Derived Class

A class in object-oriented programming that inherits methods and properties from another class, known as the base or parent class.