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NEW QUESTION: 1
In what step of the purchase-to-pay process is a purchase requisition generated?
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B. Invoice verification
C. Vendor selection
D. Determination of requirements
Answer: D

NEW QUESTION: 2
A loss on the sale of property, plant, and equipment should be __________ in computing cash flow from operating activities.
A. subtracted from net sales
B. subtracted from net income
C. added to net income
Answer: C
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Because a loss on the sale of a long-lived asset does not represent an operating activity, it must be added to net income to determine cash flow from operating activities.

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Answer: B

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