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:

Group Treatment

A therapeutic approach involving treating multiple clients simultaneously in a group setting, fostering shared experiences and collective healing.

Dialectical Behavior Therapy

A cognitive-behavioral therapy designed to help people change patterns of behavior that are not helpful, such as self-harm, suicidal ideation, and substance abuse, through the acquisition of skills in mindfulness, distress tolerance, emotion regulation, and interpersonal effectiveness.

Dialect

A particular form of a language which is peculiar to a specific region or social group.

Acceptance

The act of recognizing and welcoming facts or conditions as they are without attempting to change them.