A loss on the sale of equipment is subtracted from net income in determining net cash from operating activities under the indirect method.

Name: A loss on the sale of equipment is subtracted from net income in determining net cash from operating activities under the indirect method.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A loss on the sale of equipment is added to net income in determining net cash from operating activities under the indirect method.

A Loss on the Sale of Equipment Is Subtracted from Net