Multiple Choice
A company with substantial operating profits prepares its statement of cash flows using the indirect method.The gain on the sale of a long-term investment should be disclosed separately as a(n)
A) inflow from operating activities.
B) adjustment to net income in the reconciliation of net income to cash from operating activities.
C) inflow from investing activities.
D) outflow from investing activities.
Correct Answer:
Verified
Correct Answer:
Verified
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