Under the indirect method when calculating cash flows from, Other Subject

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Under the indirect method when calculating cash flows from

Under the indirect method, when calculating cash flows from operating activities, a gain on the sale of equipment is:

a. only the proceeds are added to net income

b. added to net income

c. subtracted from net income

d. ignored since this transaction does not affect cash

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Other Subject: Under the indirect method when calculating cash flows from

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