Under the Indirect Method of Preparing the Statement of Cash

question 101

Multiple Choice

Under the indirect method of preparing the statement of cash flows,a gain on the sale of equipment is:

• A)subtracted from net income in the operating activities section.
• B)added to net income in the operating activities section.
• C)subtracted from the book value of the equipment in the financing activities section.
• D)ignored since this transaction does not affect cash.

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Definitions:

Gender-typing

The process by which individuals learn to conform to cultural norms and expectations regarding their biological sex, often influencing behavior, interests, and personal identity.

Identification

The psychological process where an individual assimilates an aspect, property, or attribute of another and is transformed, wholly or partially, by the model the other provides.

Androgyny

A blend of both masculine and feminine characteristics in an individual's personality, appearance, or behavior.

Gender-typing

The process of associating objects, activities, roles, or traits with one gender in ways that conform to cultural stereotypes.