Under the indirect method, gains and losses from the sale of equipment used in operations would be included in the cash flows from operating activities section on the statement of cash flows.

Question

Quizplus · Accepted Answer

Gains and losses from the sale of equipment used in operations are considered operating activities and are included in the cash flows from operating activities section of the statement of cash flows under the indirect method.

Under the Indirect Method, Gains and Losses from the Sale