A company uses the indirect method to prepare the statement of cash flows, how will a gain from the sale of equipment be presented on the statement?
A) A gain from the sale of equipment will be added to net income in the operating activities section.
B) A gain from the sale of equipment will be an addition in the financing activities section.
C) A gain from the sale of equipment will be deducted from net income in the operating activities section.
D) A gain from the sale of equipment will be an addition in the investing activities section.
Correct Answer:
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