The Sale of a Long-Term Asset Is Reported on the Statement

question 205

True/False

The sale of a long-term asset is reported on the statement of cash flows as an increase to cash from investing activities.The increase is equal to the cost of the asset.

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Definitions:

Training

The process of teaching or learning a particular skill or behavior through practice and instruction.

Development

A process that involves growth, progress, or positive change, often in a personal, professional, or organizational context.

Cultural Sensitivity Training

Training designed to increase awareness and competence in interacting with people from diverse cultural backgrounds, to improve communications and reduce misunderstandings.

Strategic Training

Training initiatives aligned with an organization's long-term goals, aiming to improve overall business performance and competitive advantage.