When using the indirect method, why are gains on the sale of plant assets subtracted from net

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When using the indirect method, why are gains on the sale of plant assets subtracted from net income in the operating activities section of the cash flow statement? Why are losses on the sale of plant assets added to net income?

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:48 AM

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When using the indirect method, why are gains on the sale of plant assets subtracted from net

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Gains on the sale of plant assets add to net income but are no...View the full answer

Financial Accounting

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