When Using the Indirect Method to Determine Operating Cash Flows,where

question 97

Multiple Choice

When using the indirect method to determine operating cash flows,where is the gain from selling a long-term investment recognized? (The proceeds from selling the investment are considered separately. )

• A)Operating activity
• B)Investing activity
• C)Financing activity
• D)Noncash investing or financing activity
• E)Not reported on the statement of cash flows

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