Question: D Question 8 3 pts In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is not

D Question 8 3 pts In calculating cash flows from operating

D Question 8 3 pts In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is not reported on a statement of cash flows. added to net income deducted from net income. ignored because it does not affect cash

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A ski jumper has the takeoff conditions shown. Determine the inclined distance d from the takeoff point A to the location where the skier first touches down in the landing zone, and the total time t ...

1.A company had net income of $189,000. Depreciation expense is $32,000. During the year, Accounts Receivable and Inventory increased $13,000 and $45,000, respectively. Prepaid Expenses and Accounts...

Question 2 Which one of the following will not appear in the operating section under Indirect Method? Depreciation Expense. Payment for cash dividend, Gains from equipment disposal. Increase in...

I have an accounting hw assginment that I need help with. Multiple choice questions. Thank you. Question 1 The statement of cash flows will not report the Question 1 options: a) amount of checks...

QUESTION 1 The primary objective of the statement of cash flows is to show cash flows and what type of cash flow it is. True False QUESTION 2 Major financing and investing activities sometimes do not...

Any help would be appreciated! QUESTION 1 The primary objective of the statement of cash flows is to show cash flows and what type of cash flow it is. True False 0.25 points QUESTION 2 Major...

tHE ANSWERS THAT I GOT WERE: 1:A, 2:D, 3:A, 4:B, 5:B, 6:A, 7:A, 8:B, 9:D, 10:D, 11:D, 12:D, 13:B, 14:B, 15:A 1-Which of the following increases cash? borrowing money by issuing a six-month note...

Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method? an increase in accrued liabilities a gain on the sale of land a...

Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. While calculating cash flows from operating activities using the indirect method, which of the...

QUESTION 11 Accounts receivable were $80,000 and $70,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $280,000. Exclusive of the effect...

Please help If a gain of $11500 is incurred in selling (for cash) office equipment having a book value of $105000, the total amount reported in the cash flows from investing activities section of the...

How would we expect the standard deviation of the return on an individual stock to compare with the standard deviation of the return on a stock index?

A research group has sequenced the cDNA and genomic DNA from a particular gene. The cDNA is derived from mRNA, so it does not contain introns. Here are the DNA sequences. cDNA:...

6. Jose Oliva is considering two investment options for a R$1,500 gift he received for graduation. Both investments have 8% annual interest rates. One offers quarterly compounding; the other...

A random sample of 43 biology students in a science program are selected for a study. Of those selected, only 27 passed the mid term exam. At the 5% significance level, is there sufficient evidence...

Describe your ideal working day.

Describe the job youd like to be doing five years from now.

4 Should Su be responsible for making any changes in her communication with her doctor?