Homework Answers
Cash flow from investing activities = Book value + gain
= $53872+7455
= $61,327
Option b. is correct answer.
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things book value of $53,872, the tots t eported in the Car Horom investing again of $2.455 is reared in sig for cho...
Equipment with a book value of $ 8000 is sold for $ 3000 cash . the...
Equipment with a book value of $ 8000 is sold for $ 3000 cash . the statement of cash flows will report a: A. $5000 cash outflow in the financing activities section B. $3000 cash inflow in the operating activities section C. $5000 cash outflow in the operating activities section D. $3000 cash inflow in the investing activities section.
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of...
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
The Carival Company sold a machine with a book value of $45 and original cost of...
The Carival Company sold a machine with a book value of $45 and original cost of $50. The income statement reported again of $7. The Investment section of the Statement of Cash Flows will include an) Select one: Addition of $38 b. Subtraction of $59 c Addition of 545 d. Addition of 552 e Subtraction of 545
A building with book value of $45.958 is sold for $55,630 cash. Using the induct method,...
A building with book value of $45.958 is sold for $55,630 cash. Using the induct method, this transaction should be shown the statement a 45,958 from investing activities b. 355.680 from investing activities and a deduction from natircome of $9.722 45.955 from engate and an addition to n o t of $9.722 d. 555,650 from investing activities
If a gain of $11,000 is realized in selling (for cash) office equipment having a book...
If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a. $11,000 b. $66,000 c. $55,000 d. $44,000
A building with a book value of $43,220 is sold for $56,225 cash. Using the indirect...
A building with a book value of $43,220 is sold for $56,225 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows: a. an increase of $43,220 from investing activities and an addition to net income of $13,005 b. an increase of $56,225 from investing activities c. an increase of $43,220 from investing activities d. an increase of $56,225 from investing activities and a deduction from net income of $13,005
Exercise 16-9, and QS 16-15 i Saved a. Equipment with a book value of $81,500 and...
Exercise 16-9, and QS 16-15 i Saved a. Equipment with a book value of $81,500 and an original cost of $167,000 was sold at a loss of $35,000. b. Paid $118.000 cash for a new truck. c. Sold land costing $330,000 for $425,000 cash, yielding again of $95,000. d. Long-term investments in stock were sold for $96,300 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (Amounts to be deducted shoul minus...
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of...
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts...
A building with a book value of $42,837 is sold for $55,601 cash. Using the indirect...
A building with a book value of $42,837 is sold for $55,601 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.$42,837 from investing activities b.$42,837 from investing activities and an addition to net income of $12,764 c.$55,601 from investing activities and a deduction from net income of $12,764 d.$55,601 from investing activities The following information is available from the current period financial statements: Net income $137,143 Depreciation expense...
a. Equipment with a book value of $83,500 and an original cost of $165,000 was sold...
a. Equipment with a book value of $83,500 and an original cost of $165,000 was sold at a loss of $34,000. b. Pald $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, ylelding a gain of $95,000. d. Long-term Investments in stock were sold for $90,000 cash, ylelding a gain of $16,250. Use the above Information to determine cash flows from Investing activities. (Amounts to be deducted should be Indicated with a minus sign.) Statement...
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
The Carival Company sold a machine with a book value of $45 and original cost of $50. The income statement reported again of $7. The Investment section of the Statement of Cash Flows will include an) Select one: Addition of $38 b. Subtraction of $59 c Addition of 545 d. Addition of 552 e Subtraction of 545
A building with book value of $45.958 is sold for $55,630 cash. Using the induct method, this transaction should be shown the statement a 45,958 from investing activities b. 355.680 from investing activities and a deduction from natircome of $9.722 45.955 from engate and an addition to n o t of $9.722 d. 555,650 from investing activities
Exercise 16-9, and QS 16-15 i Saved a. Equipment with a book value of $81,500 and an original cost of $167,000 was sold at a loss of $35,000. b. Paid $118.000 cash for a new truck. c. Sold land costing $330,000 for $425,000 cash, yielding again of $95,000. d. Long-term investments in stock were sold for $96,300 cash, yielding a gain of $14,750. Use the above information to determine cash flows from investing activities. (Amounts to be deducted shoul minus...
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts...
a. Equipment with a book value of $83,500 and an original cost of $165,000 was sold at a loss of $34,000. b. Pald $103,000 cash for a new truck. c. Sold land costing $315,000 for $410,000 cash, ylelding a gain of $95,000. d. Long-term Investments in stock were sold for $90,000 cash, ylelding a gain of $16,250. Use the above Information to determine cash flows from Investing activities. (Amounts to be deducted should be Indicated with a minus sign.) Statement...
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