Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method.
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Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A sold its old office building at a gain (answer only for the gain).
Cash Flows From Operating Activities–Add to Net Income |
Cash Flows From Operating Activities–Deduct from Net Income |
Cash Flows From Investing Activities |
Cash Flows From Financing Activities |
Non-cash |
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
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