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    Business
  3. Study Set
    Financial Accounting Information for Decisions
  4. Exam
    Exam 12: Reporting and Analyzing Cash Flows
  5. Question
    The Gain or Loss from Retirement of Debt Is Reported
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The Gain or Loss from Retirement of Debt Is Reported

Question 140

Question 140

True/False

The gain or loss from retirement of debt is reported under cash flows from operations on the statement of cash flows using the direct method.

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