There Was a Gain on the Sale of Investment Property

question 63

Multiple Choice

There was a gain on the sale of investment property. How would this affect the Statement of Cash Flows operations section under the indirect method?

• A)It is already included in the net income.
• B)It would be added back to net income.
• C)It would be subtracted from net income.
• D)It does not affect the cash flow from operations.

---

Definitions:

Friend

A person with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Later-born Children

Later-born children are those born after the first child in a family, who may experience different parenting styles and family dynamics than their older siblings.

First-born Children

Often referred to as the eldest child in a family, who may experience different parental expectations and develop unique psychological traits compared to their siblings.

Stringent Rules

Strict and precise regulations or guidelines that must be carefully followed or adhered to.