In Creating a Cash Flow Statement Using the Indirect Method,a

question 61

True/False

In creating a cash flow statement using the indirect method,a gain on the sale of non-current assets must be shown as an addition to Profit in the operating activities section.

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Definitions:

Liquid Crystal Display (LCD)

The technology used in flat-panel computer monitors.

Monitors

Output devices displaying information visually, such as computer screens.

Laptops

Portable computers that are small enough to be used on one's lap, typically having a screen, keyboard, and battery in a single unit.

USB Port

A universal serial bus port, a standard type of connection for interfacing computers with peripheral devices.