Homework Answers
Solution
| Item | Section of Statement of Cash Flows | Added or Deducted | Amount |
| Mar. 12: Purchase of fixed asset | Investing activities section | Deducted | $304,000.00 |
| Oct. 4: Sale of fixed asset | Investing activities section | Added | $167,000.00 |
| Gain on sale of fixed asset (assume the indirect method) | Operating activities section | Deducted | $ 24,000.00* |
*167000-143000= gain on sale of land
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Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 825,000 Mar. 12 Purchased for cash 248,000 1,073,000 Oct. 4 Sold for $137,000 117,000 956,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $204,000 Debit 1,131,000 1,504,000 1,329,000 373,000 175,000 Section of Statement of Cash Flows Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 1,133,000 Mar. 12 Purchased for cash 385,000 1,518,000 Oct. 4 Sold for $211,000 181,000 1,337,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset $ Oct....
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 1,033,000 Mar. 12 Purchased for cash 320,000 1,353,000 Oct. 4 Sold for $175,000 150,000 1,203,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset $ Oct....
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 974,000 Mar. 12 Purchased for cash 331,000 1,305,000 Oct. 4 Sold for $182,000 156,000 1,149,000 Item Section of Statement of Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset $ Oct....
Answer this question fully and follow the table Reporting Land Transactions on Statement of Cash Flows...
Answer this question fully and follow the table Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 925,000 Mar. 12 Purchased for cash 134,300 1,059,300 Oct. 4 Sold for $106,800 89,400 969,900 Item Section of Statement of Cash Flows Added or Deducted Amount...
orting Land Transactions on Statement of CUSH PUWS Reporting on the basis of the details of...
orting Land Transactions on Statement of CUSH PUWS Reporting on the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 925,000 Mar. 12 Purchased for cash 134,300 1,059,300 Oct. 4 Sold for $106,800 89,400 969,900 Section of Statement of Item Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset Oct....
On the basis of the details of the following fixed asset account, indicate the items to...
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Debit Credit Debit Credit Item an.1 Balance 858,000 972,300 63,840 908,460 Mar. 12 Purchased for cash 104,300 Od. 4 Sold for $95,550 Section of Statement of Cash Flows Item Added or Deducted Amount Investing activities section Deducted 104,300 Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset...
Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis...
Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Jan. 1 | Balance Feb. 10 Purchased for cash Nov. 20 Purchased with long-term mortgage note LI DO US 191 os 50 888 Amount Ole $-312,800 1 Report only X $-417,900 X Item Section...
eBook Calculator Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On...
eBook Calculator Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Item Debit Credit Debit Credit Date Jan. 1 Balance Feb. 10 Purchased for cash 156,000 402,000 726,000 246,000 Nov. 20 urcsed with long-term mortpage note 324000 Section of Statement of Cash Flows Added or Deducted Amount...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $204,000 Debit 1,131,000 1,504,000 1,329,000 373,000 175,000 Section of Statement of Cash Flows Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
orting Land Transactions on Statement of CUSH PUWS Reporting on the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 925,000 Mar. 12 Purchased for cash 134,300 1,059,300 Oct. 4 Sold for $106,800 89,400 969,900 Section of Statement of Item Cash Flows Added or Deducted Amount Mar. 12: Purchase of fixed asset Oct....
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Debit Credit Debit Credit Item an.1 Balance 858,000 972,300 63,840 908,460 Mar. 12 Purchased for cash 104,300 Od. 4 Sold for $95,550 Section of Statement of Cash Flows Item Added or Deducted Amount Investing activities section Deducted 104,300 Mar. 12: Purchase of fixed asset Oct. 4: Sale of fixed asset...
Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Jan. 1 | Balance Feb. 10 Purchased for cash Nov. 20 Purchased with long-term mortgage note LI DO US 191 os 50 888 Amount Ole $-312,800 1 Report only X $-417,900 X Item Section...
eBook Calculator Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Item Debit Credit Debit Credit Date Jan. 1 Balance Feb. 10 Purchased for cash 156,000 402,000 726,000 246,000 Nov. 20 urcsed with long-term mortpage note 324000 Section of Statement of Cash Flows Added or Deducted Amount...
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