A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,376 representing a gain of $3,249. The value in the operating activities section regarding this event would be a.$18,127 b.$3,249 c.$24,625 d.$21,376
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,376 representing a gain of $3,249. The value in the operating activities section regarding this event would be a.$18,127 b.$3,249 c.$24,625 d.$21,376
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 3DQ
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A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,376 representing a gain of $3,249. The value in the operating activities section regarding this event would be
a.$18,127
b.$3,249
c.$24,625
d.$21,376
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