Question: In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is a. ignored because it does not

In calculating cash flows from operating activities using the indirect method,

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

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!

In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment isGroup of answer choicesreported supplementally as a noncash investing and financing...

In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is a.reported supplementally as a noncash investing and financing activity b.added to...

in calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is?

In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is: Answer: - deducted from net income.

46 Which of the following should be added to net income in computing net cash flows from operating activities using the indirect method? a gain on the sale of equipment an increase in inventory...

In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment is

Testbank Question 87 In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is O not reported on a cash flow statement. O added to profit. O...

43. Sale of an asset at a loss will affect which activities? a) Operating activity will have the loss added to profit; investing will increase for the proceeds on the sale. b) Operating activity will...

Marigold Corp. purchased 3700 shares of its own previously issued $10 par common stock for $111000. As a result of this event, Marigold's Common Stock account decreased $37000. Marigold's total...

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...

Differentiate between artificial and human intelligence?

Predict the major products of acid-catalyzed dehydration of the following alcohols. (a) Pentan-2-ol (b) 1-methylcyclopentanol (c) 2-methylcyclohexanol (d) 2,2-dimethylpropan-1-ol

IF equity is $ 3 4 0 , 0 0 0 and liabilities are $ 1 9 5 , 0 0 0 , then assets equat: Multiple Choice $ 5 3 5 , 0 0 0 . $ 3 4 0 , 0 0 0 . $ 1 9 5 . 0 0 0 . $ 1 4 5 , 0 0 0 . $ 8 7 5 . 0 0 0 .

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Teamwork. Divide the class into two-person teams. One person will be the interviewer at the campus radio station; the interviewee is the president of the local SIFE (Students in Free Enterprise)...

What is the difference between a scannable and an online rsum? (Objective 4)

Describe the chronological, functional, and combination rsum formats and when each type would be most appropriately used. (Objective 3)