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akempire akempire
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A year ago
Using the direct method of preparing the statement of cash flows, to determine the cash effects of operating activities, a gain on the sale of equipment is

▸ deducted from sales revenue.

▸ deducted from payments for operating expenses.

▸ ignored because a gain is not a cash flow.

▸ added to operating expenses.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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Hlh13Hlh13
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A year ago
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akempire Author
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Correct Slight Smile TY
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This helped my grade so much Perfect
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Thank you, thank you, thank you!
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