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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 47
The gain on sale of equipment is deducted from net income to arrive at operating cash flows because
A) the sale of long-term assets is an operating activity.
B) the gain reveals the total cash received.
C) all of the cash received from the sale is reported in the operating section.
D) All of the above.
E) None of the above.
A) the sale of long-term assets is an operating activity.
B) the gain reveals the total cash received.
C) all of the cash received from the sale is reported in the operating section.
D) All of the above.
E) None of the above.
Explanation
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Verified
Because, sale of equipment is a non-oper...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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