A gain on the sale of machinery in the ordinary course of business should be presented in a statement of cash flows (indirect method) as

Name: A gain on the sale of machinery in the ordinary course of business should be presented in a statement of cash flows (indirect method) as
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Question

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In the indirect method of the statement of cash flows, gains from the sale of machinery are deducted from net income because they are non-operating gains that are included in net income but do not affect operating cash flow.

A Gain on the Sale of Machinery in the Ordinary