A Gain on the Sale of a Fixed Asset Is

question 112

Multiple Choice

A gain on the sale of a fixed asset is reported on the statement of cash flows ________.

• A)as a deduction to net income under operating activities for the indirect method
• B)as a deduction to the cash proceeds received from the sale of fixed assets under investing activities
• C)as a noncash transaction
• D)as a cash inflow under investing activities

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Definitions:

Gestalt

A psychological theory that proposes objects are viewed holistically rather than as a collection of individual parts, emphasizing the mind's innate tendency to organize perceptions.

Phenomenon

an observable event or fact, particularly extraordinary or remarkable, that can be scientifically described or explained.

Phi Phenomenon

The optical illusion of perceiving continuous motion between separate objects viewed in rapid succession.

Gestalt Psychology

A psychological approach that emphasizes the holistic and intrinsic properties of the mind's perception of the world, suggesting that the whole of anything is greater than its parts.