A Gain on the Sale of Long-Term Assets Is Added

question 24

True/False

A gain on the sale of long-term assets is added to net income to arrive at net cash flows from operating activities under the indirect method.
A gain on the sale of long-term assets is subtracted from net income to arrive at net cash flows from operating activities under the indirect method.

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Definitions:

Repetitive Tasks

Tasks that are performed in the same manner, following a set pattern or sequence, with little variation.

Sociopolitical Issues

Topics that involve the interplay between society's political structures and the social norms, values, and issues affecting it.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit, characterized by competitive markets, wage labor, and capital accumulation.

Separation Of Work And Life

The distinction and effort to maintain boundaries between one's professional responsibilities and personal life activities to ensure work demands do not encroach on personal time.