Let's say our Company makes Slinkies and Super Scrub (a floor cleaning product). Super Scrub isn't doing
Question:
Let's say our Company makes Slinkies and Super Scrub (a floor cleaning product).
Super Scrub isn't doing so good so we sell that entire division to another company.
We record a gain from the sale on our books during the current year in the amount of $20 million.
We also received $100 million cash for the sale of the business segment.
How would the information above be shown on the Cash Flow Statement?
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Related Book For
International Business Law And Its Environment
ISBN: 9781305972599
10th Edition
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
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