Sale price and the book value on cash flow statement

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Reference no: EM1332028

1. The United States of America has traditionally been considered as the "Melting pot". More recently, the phrase "salad bowl" was coined to replace this traditional 'melting pot' view. What does this all mean? How is the workplace affected by these changes?

2. If an asset is sold does the difference between the sale price and the book value (gain or loss) is this reported on the cash flow statement or the income statement?

Reference no: EM1332028

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