In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is
A) added to net income.
B) deducted from net income.
C) ignored because it does not affect cash.
D) not reported on a statement of cash flows.
B
You might also like to view...
When developing the conceptual design of a system,
a. all similarities and differences between competing systems are highlighted b. structure diagrams are commonly used c. the format for input screens and source documents is decided d. inputs, processes, and outputs that distinguish one alternative from another are identified
Within a hotel renowned for its superior service, one registration-desk employee may be cheerful and efficient, whereas another may be irritable and slow. This exemplifies service consistency
Indicate whether the statement is true or false
Gerard wants to get some land cleared in Texas. With the help of a consulting agency, he hires Carlos, an independent contractor. Carlos procures dynamite from a legitimate dealer, to be used in clearing the land
However, the explosion of dynamite causes cracks to appear in the outer walls of a nearby house. Who is liable to the owner of the damaged house? A) Gerard B) Carlos C) both Gerard and Carlos D) the consulting agency
To what extent are mission and vision statements relevant for (a) major corporations, (b) small business enterprises, and (c) not-for-profit enterprises? What are the key differences?
What will be an ideal response?