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Gains on the cash sales of property, plant, and equipment:________.
A. Are the excess of the cash proceeds over the book value of the assets sold.
B. Are reported on a net-of-tax basis if material.
C. Are the excess of the book value over the cash proceeds.
D. Are part of cash flows from operations.

Respuesta :

tutordamola

Answer:

The answer is D.

Explanation:

Option D is correct because gains on the cash sales of property, plant, and equipment: are recognized in the operating activities under cash flow statement. They are subtracted from net income.

Option A and C are incorrect because gains on PPE are excess of cash proceeds over the FAIR VALUE and not the book value

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