When a company uses the indirect method to present the statement of cash flows,cash received from the sale of a long-term asset increases the amount of net cash provided by investing activities.

Question

Quizplus · Accepted Answer

When using the indirect method to present the statement of cash flows, cash received from the sale of a long-term asset is included in the Investing section and increases the net cash provided by investing activities.

When a Company Uses the Indirect Method to Present the Statement