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:

Communicating

The process by which individuals convey information, ideas, or feelings to one another through speech, writing, or other forms of expression.

Claim Response

The reaction or reply to a statement or assertion, particularly in the context of addressing a complaint or issue.

Personal Responsibility

The obligation to take ownership of one's actions and their consequences, acknowledging the personal role in outcomes.

Routine Messages

Regular or standard communications that occur within typical business or personal contexts, often following a set format or content.