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

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2
Q

Where are loans to other entities and their collections reflected in the cash flow statement?

A

Investing activities.

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3
Q
A
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