When Using the Indirect Method,the Gain from Selling a Long-Term

question 183

Multiple Choice

When using the indirect method,the gain from selling a long-term investment is recognized in which of the following?

• A)In the Operating Activities and Investing Activities sections of the statement of cash flows
• B)In the Financing Activities section of the statement of cash flows
• C)In the noncash Investing or Financing Activities supplemental section of the statement of cash flows
• D)Gains are not recognized in the statement of cash flows under the indirect method

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