Answer:
This type of transaction is not classified as an operating activity.
Explanation:
From the question we are informed about Gannon Corporation who uses the indirect method to prepare its statement of cash flows. Following this approach, a gain on sale of equipment was deducted from net income in computing net cash flow from operating activities. In this case, The most likely reason for this adjustment is that this type of transaction is not classified as an operating activity.
The indirect method produces
statement of cash flows by starting with net income/loss, along with making subsequent additions/deductions of values solely from amount for non-cash revenue as well as expense items which result to cash flow from operating activities. Operating activities can be regarded as daily activities of a particular company that brings about production and selling their products, as well as generating revenues, and
general administrative with maintenance activities.
905.22
This is the Answer just did it with my teacher and said it was right
Answer:
A and C
The firm sells and distributes only high-end products
&
It is controlled by market leaders or by firms who have a niche market it is often difficult for a new firm to get access to shelf space in supermarkets.
The right answer for the question that is being asked and shown above is that: "d. organization." When preparing a formal business presentation, the phase that can make or break your report is the organization phase.
In the state of FL you'll be assessed 4 points.
