A gain on the sale of long-term assets is added back to net income to arrive at net cash flows from operating activities under the indirect method.A gain on the sale of long-term assets is subtracted from net income to arrive at net cash flows from operating activities under the indirect method.
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Q1: Under the indirect method,an increase in prepaid
Q2: Investing activities include cash transactions involving the
Q4: Transactions that do not increase or decrease
Q5: Using the direct method we adjust the
Q6: Financing activities include cash receipts and cash
Q7: The purchase of long-term assets by issuing
Q8: We report interest paid on bonds or
Q9: We report interest and dividends received from
Q10: A loss on the sale of long-term
Q11: Operating activities are both inflows and outflows
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