Luddington, Inc., reported a $100,000 loss on the sale of equipment on its income statement....
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Accounting
Luddington, Inc., reported a $100,000 loss on the sale of equipment on its income statement. Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?
- Add back $100,000 to net income.
- Make no adjustment to net income.
- Subtract $100,000 from net income.
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