In Calculating Cash Flows Provided (Used) by Operating Activities Using

question 33

Multiple Choice

In calculating cash flows provided (used) by operating activities using the indirect method, a loss 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:

Business Services

Services that support businesses in various fields, including marketing, management, maintenance, and logistics.

Retail Trade

Retail trade refers to the sale of goods and services to consumers for personal or household consumption through various channels.

Compressed Work Schedules

Work arrangements allowing employees to work a full-time job's hours in fewer days than a traditional schedule.

Construction Jobs

Positions related to the process of building, maintaining, and repairing structures, including roles like carpenters, electricians, and project managers.