When the indirect method is used to determine operating cash flows, where is the gain from...

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When the indirect method is used to determine operating cash flows, where is the gain from selling a long-term investment rec

business accounting

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Answer 1

Answer #1

Answer- When the indirect method is used to determine operating cash flows, the gain from selling a long-term investment = Operating activities.

Explanation- Gain on sale of long-term investments is part of operating activities of cash flow statement and should be deducted from net income.

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Answer 2

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