Answer :
There are gains on sale of fixed asset which are known to enter on income statement. Nonoperating items that increase net income must be added in calculating operating cash flows is a false statement
- A gain on the sale of fixed assets is usually seen in the statement of profit and loss as non-operating income.
A Non-operating assets are simply described as a kind of assets that does not look into to be part of a company's core operations.
A company's non-operating assets can be said to be unused land, leftover and unused equipment, investment securities, etc.
Learn more about non-operating assets from
https://brainly.com/question/25785586