Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

a gain from the sale of equipment would be (added/subtracted) to (from) net income, when computing cash flows from operations using the indirect method.

Sagot :

tutorconsortium344

Gains from operating operations that raise net income but do not result in cash receipts must be deducted from net income when converting to a cash basis. Net income is decreased by a loss, but since actual cash is not distributed, this must be put back to net income.

What is net income?
Sales are subtracted from cost of products sold, selling, general and administrative expenditures, operating expenses, depreciation, interest, taxes, and other expenses to arrive at net income (NI), also known as net earnings. Investors can use this figure to determine how much a company's revenue exceeds its costs. This figure is a measure of a company's profitability and may be found on the income statement. A person's income after taxes and deductions is referred to as their net income.

To learn more about Net Income
https://brainly.com/question/25906113
#SPJ4

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.