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Level 2 Question Regarding Capital Gains/Losses
本帖最后由 weirui5621 于 2015-4-7 06:42 编辑
Working on Level 2 Study Session 12 Free Cash Flow Valuation and Challenge Problem 22 really stuck me.
Here is the case: If there are sales of assets during the year, Revised FCInv is calculated by subtracting gains (adding losses) of assets from FCInc with no assets sold. The logic makes sense to me cuz those are proceeds from the sale of asset. But it also mentioned Net Income need make adjustment by subtracting gains of assets since they are noncash charges. Can anyone help me why gains/losses in the income statement is noncash charges? I thought since a company sold a fixed asset, they are supposed to gain in cash, which influencing cash flow statement. Thank you. |
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发表于 2015-4-7 06:40
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