When a Company Sells Equipment for Cash, Which of the Following

question 156

Multiple Choice

When a company sells equipment for cash, which of the following is the correct reporting on the statement of cash flows?

• A)Gain or loss in operating section, amount of cash received in operating section
• B)Gain or loss in operating section, amount of cash received in investing section
• C)Gain or loss in investing section, amount of cash received in operating section
• D)Gain or loss in investing section, amount of cash received in investing section

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Definitions:

Humanism

A theory that stresses the potential of all humans, who have the same basic needs, regardless of culture, gender, or background.

Psychological

Pertaining to the mind or mental processes, emotional states, and behavior, often focusing on how these aspects influence individuals and their interactions with others.

Professionals

Professionals are individuals who possess specialized knowledge and skills in a particular field, often requiring formal qualifications and bound by certain standards of conduct.

Marital Relationship

The interpersonal and emotional bond between spouses, encompassing aspects such as companionship, love, and conflict.