Question: When using the indirect method to determine operating cash flows, where is the gain from selling a long-term investment recognized? (The proceeds from selling
When using the indirect method to determine operating cash flows, where is the gain from selling a long-term investment recognized? (The proceeds from selling the investment are considered separately.) Oa. operating activity b. financing activity c. not reported on the statement of cash flows d. investing activity Oe. noncash investing or financing activity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
