Using the indirect method, if equipment is sold at a gain, the a. sale proceeds received are

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Using the indirect method, if equipment is sold at a gain, the

a. sale proceeds received are deducted in the operating activities section.

b. sale proceeds received are added in the operating activities section.

c. amount of the gain is added in the operating activities section.

d. amount of the gain is deducted in the operating activities section.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Posted Date: Dec 28, 2022 06:31 AM

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Using the indirect method, if equipment is sold at a gain, the a. sale proceeds received are

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Financial Accounting Tools for Business Decision Making

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