On an indirect method statement of cash flows, a gain on the sale of plant assets is

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a. Added to net income in the operating activities section.

b. Deducted from net income in the operating activities section.

c. Reported in the investing activities section.

d. Ignored, because the gain did not generate any cash.

Select the best choice from among the possible answers given.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: May 29, 2020 07:04 AM

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On an indirect method statement of cash flows, a gain on the sale of plant assets is

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Financial Accounting

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