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Under the indirect method, the gain on sale of equipment should be: Multiple Choice a source of
funds from investing activities. a source of funds from financing activities. added back to net
income to arrive at cash flow from operating activities. subtracted from net income to arrive at
cash flow from operating activities.

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Under the indirect method- the gain on sale of equipment should be- Mu.pdf

  • 1. Under the indirect method, the gain on sale of equipment should be: Multiple Choice a source of funds from investing activities. a source of funds from financing activities. added back to net income to arrive at cash flow from operating activities. subtracted from net income to arrive at cash flow from operating activities.