A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has
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Question:
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,833 representing a loss of $3,539. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
A). $27,991
B). $3,539
C). $24,444
D). $3,547
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