In reporting unusual items on a statement of cash flows (indirect method), the O net of tax amount of an unusual gain should be deducted from net income. O gross amount of an unusual gain should be added to net income. Onet of tax amount of an unusual gain should be added to net income. Ogross amount of an unusual gain should be deducted from net income.

In reporting unusual items on a statement of cash flows (indirect method), the O net of tax amount of an unusual gain should be deducted from net income. O gross amount of an unusual gain should be added to net income. Onet of tax amount of an unusual gain should be added to net income. Ogross amount of an unusual gain should be deducted from net income.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter10: Long-term Liabilities

Section: Chapter Questions

Problem 10.12E

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Similar questions

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