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Gain on sale of tangible current assets is a/an: -

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Question

Gain on sale of tangible current assets is a/an:

Options

  • Operating Activity

  • Investing Activity

  • Financing Activity

  • Cash and Cash Equivalents

MCQ

Solution

Operating Activity

Explanation:

Gain on the sale of a tangible current asset is included in operational activities when preparing the Cash Flow Statement.

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