Question:
When using the Indirect method to complete the cash flows
Last updated: 4/26/2023
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When using the Indirect method to complete the cash flows from operating activities section of the statement of cash flows what is the proper disposition of a loss on disposal of equipment Multiple Choice Add the loss to net income Disregard the loss because It relates to a financing activity Disregard the loss because it relates to an Investing activity Subtract the loss from net Income