There was a gain on the sale of investment property. How would this affect the Statement of Cash Flows operations section under the indirect method?

A) It is already included in the net income.
B) It would be added back to net income.
C) It would be subtracted from net income.
D) It does not affect the cash flow from operations.


C) It would be subtracted from net income.

Business

You might also like to view...

Which network device sends information privately over the network?

A. Hub B. Switch C. Router D. Virtual connector

Business

Katie wants to be successful in her selling career, so she strives to improve her ________ knowledge by working on her sales abilities and understanding different selling techniques.

A. customer-related B. selling-related C. industry D. technical E. market-related

Business

A single channel single server system requires that the ________ rate be larger than the ________ rate

Fill in the blank with the appropriate word.

Business

Trade fixtures are no exception to the rule that fixtures are a part of real property.

Answer the following statement true (T) or false (F)

Business