A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $20,609, representing a gain of $3,278. The value of this transaction appearing in the operating activities section of the statement of cash flows is a.$17,331 b.$23,887 c.$(3,278) d.$20,609
A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $20,609, representing a gain of $3,278. The value of this transaction appearing in the operating activities section of the statement of cash flows is a.$17,331 b.$23,887 c.$(3,278) d.$20,609
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 of preparing the statement of cash flows. A fixed asset has been sold for $20,609, representing a gain of $3,278. The value of this transaction appearing in the operating activities section of the statement of cash flows is
a.$17,331
b.$23,887
c.$(3,278)
d.$20,609
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