When using the indirect method, the gain from selling a long-term investment is recognized in which of the following?

a. In the operating activity section and the investing activity section of the statement of cash flows.
b. In the financing activity section of the statement of cash flows.
c. In the noncash investing or financing activity supplemental section of the statement of cash flows.
d. Gains are not recognized in the statement of cash flows under the indirect method.


a

Business

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Explain how a sole proprietorship is taxed

What will be an ideal response?

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Sales at East Corporation declined from $100,000 to $80,000, while net operating income declined by 300%. Given these data, the company must have had an operating leverage of:

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