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:

Independent Variable

In research, this is the condition or factor that is intentionally changed to observe its impact on an outcome.

Structuralism

The school of psychology that argues that the mind consists of three basic elements—sensations, feelings, and images—that combine to form experience.

Psychology

The scientific study of the mind and behavior, encompassing both conscious and unconscious phenomena.

Sensations

The physical feelings or perceptions resulting from something that happens to or comes into contact with the body.