Based on the information below, how would this affect Cash Flows from Investing? Activity: Sale of...
Based on the information below, how would this affect Cash Flows from Investing?
Activity: Sale of used equipment that has an original cost of 1,300 and accumulated depreciation of 700, for 600 in Cash
a. -600
b.-700
c. -1300
d.600
e.700
f.1300
For the item below, determine whether the amount would be disclosed in the cash flow statement under: Operating (CFO), Investing (CFI), or Financing (CFF), as well as if would be a net increase (+) or decrease (-) in cash or cash equivalents:
1. Decrease in accounts receivable
2. Proceeds from issuance of common stock
3.Increase in prepaid expenses
answer choices:
a. CFO +
b. CFO-
c. CFI+
d.CFI-
e.CFF+
f.CFF-
Homework Answers
Part 1
Cost of equipment = 1,300
Accumulated depreciation = 700
Sale price of equipment = 600
Cash flow from investing activities = 600
Correct option is (d)
Part 2
| 1 | Decrease in accounts receivable | CFO + |
| 2 | Proceeds from issuance of common stock | CFF + |
| 3 | Increase in prepaid expenses | CFO - |
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