Gains and Losses on the Sale of Assets Are Listed

question 12

True/False

Gains and losses on the sale of assets are listed on a direct-method cash flow statement as these items have an effect on cash.

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Definitions:

Anti-Discrimination

Policies, laws, and principles designed to prevent unfair treatment of individuals based on race, gender, religion, age, sexual orientation, nationality, or any other characteristic.

Fourteenth Amendment

An amendment to the United States Constitution, granting citizenship to former slaves and providing all citizens with "equal protection under the laws," ratified in 1868.

Supreme Court

The highest federal court in the United States, endowed with the judicial power of the government and hence functions as the ultimate authority on constitutional interpretation.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.