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A corporation uses the indirect method for preparing the Statement of Cash Flows. A fixed...

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Accounting

A corporation uses the indirect method for preparing the Statement of Cash Flows. A fixed asset has been sold for $25,000 representing a gain of $4,500. The value in the operating activities section regarding this event would be:

a. $25,000

b. ($4,500)

c. $4,500

d. $29,500

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