On an Indirect Method Statement of Cash Flows, a Gain

question 70

Multiple Choice

On an indirect method statement of cash flows, a gain on the sale of plant assets is:

• A)reported in the financing activities section.
• B)deducted from net income.
• C)reported in the investing activities section.
• D)added to net income.

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Definitions:

Suppression

The deliberate, conscious act of stopping oneself from thinking or feeling certain emotions.

Enhancement

The process of improving or amplifying the quality, value, or extent of something.

Brain Functioning

The activities and processes that occur within the brain to support mental and physiological activities, including thought, emotion, and movement.

Memory Errors

Mistakes or inaccuracies in recalling information or events, often due to factors like interference, misconceptions, or gaps in memory consolidation.