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

question 113

True/False

A gain on the sale of long-term assets is added back 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:

Organizational Policies

Internal policies that affect recruitment, such as “promote-from-within” policies.

Compensatory Approach

A strategy used in decision-making that involves offsetting deficiencies in one area with strengths in another, often applied in personnel selection and performance evaluation.

Predictors

Variables or factors that are used to estimate or anticipate future trends, behaviors, or outcomes.

Performing Well

Relates to the achievement of high levels of productivity, efficiency, and quality in work or task execution.