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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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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
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31
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Help
Next >
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Sep 16
Expert Solution

Step 1: Cash flow statement
Cash flow statement is one of financial statements includes three activities that are
- Cash flow from operating activities
- Cash flow from investing activities
- Cash flow from financing activities.
Cash flow statement can be prepared by using direct and indirect method.
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