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The Cash Inflow from the Disposal of a Long-Term Asset

Question 116

Multiple Choice

The cash inflow from the disposal of a long-term asset at a gain is equal to the ________.


A) amount of the gain plus the tax paid on the gain
B) amount of the gain
C) selling price of asset plus the tax paid on the gain
D) selling price of asset minus the tax paid on the gain

Correct Answer:

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