Business, 10.05.2021 22:50 Taiyou

Which of the following statements is not correct? Group of answer choices Using the indirect method, if equipment is sold at a gain, the amount of the gain is deducted in the operating activities section An increase in Land would not be an adjustment to net income using the indirect method In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a subtraction from net income Depreciation expense would be added to net income using the indirect method

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Which of the following statements is not correct? Group of answer choices Using the indirect method,...