Multiple Choice
Why are gains and losses from asset sales removed from net income when calculating the cash flows from operating activities?
A) Selling assets is a noncash item.
B) Gains and losses from asset sales are a financing activity.
C) Gains and losses are not removed from net income when calculating the cash flows from operating activities
D) The entire proceeds from sales of long-lived assets are included in investing activities.
Correct Answer:
Verified
Correct Answer:
Verified
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