In Calculating Cash Flows from Operating Activities Using the Indirect

question 4

Multiple Choice

In calculating cash flows from operating activities using the indirect method a gain on the sale of equipment is

• A) added to net income.
• B) deducted from net income.
• C) ignored because it does not affect cash.
• D) not reported on a statement of cash flows.

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Definitions:

Gestational Age

The age of an embryo or fetus calculated from the beginning of the pregnant individual's last menstrual period.

Arm Recoil

A reflex observed in newborns, where the arm, when pulled and released, springs back to its initial position.

Nasal Occlusion

Blockage of the nasal passage, often leading to difficulty in breathing through the nose, which can be caused by various factors including infections or structural anomalies.

Respiratory Distress

A condition characterized by difficulty breathing, often indicating an underlying health issue.