In Creating a Cash Flow Statement Using the Indirect Method,a

question 61

True/False

In creating a cash flow statement using the indirect method,a gain on the sale of non-current assets must be shown as an addition to Profit in the operating activities section.

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Definitions:

Power Exertion

The act of applying authority or force to achieve a desired outcome or influence others’ behaviors.

Extended Self

A concept in consumer behavior that suggests individuals incorporate possessions and assets into their self-identity.

Individual

Refers to a single human being as distinct from a group, class, or family.

Public

A group of people in general, often referring to the society or the community as a whole.