Asset is included as a negative amount in the operating


Could you please research and explain the reason gain on sale of an asset is included as a negative amount in the operating activity section of the statement of cash flows? Also, could you please research and explain the reason a loss on sale of an asset is included as a positive amount in the operating activity section of the statement of cash flows? Be specific in providing your explanation with examples.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Asset is included as a negative amount in the operating
Reference No:- TGS02578126

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)