Profit on sale of machinery should be ............ from net profit to get funds from operations.

CS Executive · Cost and Management Accounting · PYQS · June 2017
Profit on sale of machinery should be ............ from net profit to get funds from operations.
(A) Deducted
(B) Deleted
(C) Avoided
(D) None of the above

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Fund Flow Statement

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