Question: 1 TB MC Qu . 1 1 - 8 5 ( Static ) In preparing a statement of . . . In preparing a statement

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TB MC Qu.11-85(Static) In preparing a statement of...
In preparing a statement of cash flows under the indirect method, which of the following requires an adjustment to net income as a nonoperating gain?
Multiple Choice
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Selling land above its original purchase cost.
Receiving dividends on an equity investment in another company.
Receiving interest on a note receivable.
Selling inventory above its original purchase cost.
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1 TB MC Qu . 1 1 - 8 5 ( Static ) In preparing a

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