Statement of Cash Flows Flashcards
1
Q
In the investing activities section, how should a gain from the sale of equipment be treated to reconcile the carrying amount with the cash proceeds?
A
The gain should be added to the carrying amount to equal the cash proceeds from the sale of the equipment
2
Q
Where are loans to other entities and their collections reflected in the cash flow statement?
A
Investing activities.
3
Q
A