On an Indirect Method Statement of Cash Flows, a Gain

question 92

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

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Definitions:

Gini Index

The Gini Index is a statistical measure used to gauge economic inequality within a country, representing the income or wealth distribution among that country’s residents.

Income Inequality

The unequal distribution of income within a population, resulting in a gap between the richest and poorest individuals or households.

Megacorporations

Extremely large corporations, often with significant power and influence across multiple countries and industries.

National Governments

The organization that is the governing authority of a political unit, the ruling power of a nation.