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:

Conditioned Response

The learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through classical conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Extinction

The gradual weakening and eventual disappearance of a conditioned response.

Avoidance

A coping mechanism involving the action of staying away from certain situations, activities, or people to prevent discomfort or anxiety.