In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is
A. ignored because it does not affect cash.
B. added to net income.
C. deducted from net income.
D. not reported on a statement of cash flows.
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Home » Business » In calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is A. ignored because it does not affect cash. B. added to net income. C. deducted from net income. D.