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Determine operating cash flows where is gain from selling

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Reference no: EM132729882

Problem 1: When using the indirect method to determine operating cash flows, where is the gain from selling a long-term investment recognized? (The proceeds from selling the investment are considered separately.)

a. noncash investing or financing activity
b. investing activity
c. operating activity
d. financing activity
e. not reported on the statement of cash flows

Reference no: EM132729882

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