CFA CFA Level 1 CFO given the following information, a bit stumped

CFO given the following information, a bit stumped

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    • Avatar of simply_complex2simply_complex2
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        • CFA Level 1
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        gains or losses on sales of equipment are non cash charges (they are just the difference between what the asset is recorded on the balance sheet and the cash the company gets paid for the asset) so they generally aren’t reported on the cash flow statement. instead you’d see proceeds from the sales on the CF statement

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        Thanks! Completely spaced out on that one.

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