tion.com/ext/map/index.html Multiple Choice at would differ between a statement of cash flows for a consolidated company and an unconsolidated company using the indirect method? Loss on sale of equipment would be added to net income. Saved Parent's dividends would be subtracted as a financing activity. Noncontrolling interest in net income of subsidiary would be added to net income. Proceeds from the sale of long-term investments would be added to investing activities. M < Prev 311 10 of 20 Help Save & Exit Next > Sep 16 S

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Loss on sale of equipment would be added to net income.
Parent's dividends would be subtracted as a financing activity.
Noncontrolling interest in net income of subsidiary would be added to net income.
Saved
Proceeds from the sale of long-term investmen ould be added to investing activities.
Gain on sale of land would be deducted from net income.
O
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Transcribed Image Text:Loss on sale of equipment would be added to net income. Parent's dividends would be subtracted as a financing activity. Noncontrolling interest in net income of subsidiary would be added to net income. Saved Proceeds from the sale of long-term investmen ould be added to investing activities. Gain on sale of land would be deducted from net income. O < Prev M 31 10 of 20 0 ● Next > Help 14 Save & Sep 16
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Multiple Choice
What would differ between a statement of cash flows for a consolidated company and an unconsolidated company using the indirect method?
Loss on sale of equipment would be added to net income.
Saved
Parent's dividends would be subtracted as a financing activity.
Noncontrolling interest in net income of subsidiary would be added to net income.
Proceeds from the sale of long-term investments would be added to investing activities.
M
< Prev
31
10 of 20
Help
Next >
Save & Exit S
Sep 16
Transcribed Image Text:education.com/ext/map/index.html?_con=con&external_browser=0&launch Multiple Choice What would differ between a statement of cash flows for a consolidated company and an unconsolidated company using the indirect method? Loss on sale of equipment would be added to net income. Saved Parent's dividends would be subtracted as a financing activity. Noncontrolling interest in net income of subsidiary would be added to net income. Proceeds from the sale of long-term investments would be added to investing activities. M < Prev 31 10 of 20 Help Next > Save & Exit S Sep 16
Expert Solution
Step 1: Cash flow statement

Cash flow statement is one of financial statements includes three activities that are

  1. Cash flow from operating activities
  2. Cash flow from investing activities
  3. Cash flow from financing activities.

Cash flow statement can be prepared by using direct and indirect method.

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