Why are gains and losses from asset sales removed from net income when calculating the cash flows
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Question:
Why are gains and losses from asset sales removed from net income when calculating the cash flows from operating activities?
a. | Selling assets is a noncash item. | |
b. | Gains and losses from asset sales are a financing activity. | |
c. | Gains and losses are not removed from net income when calculating the cash flows from operating activities | |
d. | The entire proceeds from sales of long-lived assets are included in investing activities. |
Related Book For
Statistics Principles And Methods
ISBN: 9781119497110
8th Edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
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