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Question
A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $25,000, representing a gain of $4,500. The value of this transaction appearing in the operating activities section of the statement of cash flows is
a. $25,000
b. $(4,500)
c. $29,500
d. $4,500
Answer
This answer is hidden. It contains 1 characters.
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