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    Accounting Study Set 4
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    Exam 16: Statement of Cash Flows
  5. Question
    Under the Direct Method of Preparing a Statement of Cash
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Under the Direct Method of Preparing a Statement of Cash

Question 156

Question 156

True/False

Under the direct method of preparing a statement of cash flows, the gain on the sale of land is not adjusted or reported as part of cash flows from operating activities.

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