Land costing $46,730 was sold for $87,839 cash. The gain on the sale was reported on the income statement as other incom...
Land costing $46,730 was sold for $87,839 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
Homework Answers
Amount reported in investing activity On the statement of cash flows = Sale price of land
= $87,839
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Land costing $46,730 was sold for $87,839 cash. The gain on the sale was reported on the income statement as other incom...
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the income. On the statement of cash flows Land conting $134 560 was told for $171,875 cash The gain the r e ported on the income statement What amount should be reported an investing activity from the sale of land? $13,50 CA 1171,075 c12315 d 306,435
please help Rogers Company reported net income of $36,642 for the year. During the year, accounts...
please help
Rogers Company reported net income of $36,642 for the year. During the year, accounts receivable increased by $6,176, accounts payable decreased by $3,079, and depreciation expense of $5,776 was recorded. Net cash provided by operating activities under the indirect method for the year is a. $36,642 b. $51,673 c. $33,163 d. $45,515 m/ilrn/takeAssignment takeAssignme Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on the income statement as other revenue. On the...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $427,000. Later in...
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Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on the income statement as other revenue. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? a. $26,100 Ob. $68,000 c. $94,100 Od. $162,100
47. Land costing $125,000 was sold for $355,000 cash. The gain on the sale was reported on the income statemen other income. On the statement of cash flows, what amount should be reported as an investing activity from sale of land? A) $155,000 B) $355,000. C) $310,000. D) $230,000 48. In calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(n) A) subtraction from net income. B) addition to...
the income. On the statement of cash flows Land conting $134 560 was told for $171,875 cash The gain the r e ported on the income statement What amount should be reported an investing activity from the sale of land? $13,50 CA 1171,075 c12315 d 306,435
please help
Rogers Company reported net income of $36,642 for the year. During the year, accounts receivable increased by $6,176, accounts payable decreased by $3,079, and depreciation expense of $5,776 was recorded. Net cash provided by operating activities under the indirect method for the year is a. $36,642 b. $51,673 c. $33,163 d. $45,515 m/ilrn/takeAssignment takeAssignme Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on the income statement as other revenue. On the...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $427,000. Later in the year, the company sold a different piece of land with a book value of $171,000 for $190,000. the effects of these ctions reported on the statement of cash flowss assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases cash and for any adjustments, if required. If a transaction has no effect on the statement...
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