A gain on the disposal of a long-term asset:
A) Involves cash inflows.
B) Involves cash outflows.
C) Does not reflect any cash flow and is the result of an investing activity.
D) Is the result of an investing activity.
E) Does not reflect any cash flow.

Question

Quizplus · Accepted Answer

The Answer of A gain on the disposal of a long-term asset:
A) Involves cash inflows.
B) Involves cash outflows.
C) Does not reflect any cash flow and is the result of an investing activity.
D) Is the result of an investing activity.
E) Does not reflect any cash flow.

A Gain on the Disposal of a Long-Term Asset