Homework Answers
| Q1. | |||||||||
| Answer is Zero. This is an investing activity. | |||||||||
| Explanation: | |||||||||
| The sale of machinery is an investing actvities. | |||||||||
| However, during the direct method of operating activities, no itme will be reported from transaction. | |||||||||
| Q2. | |||||||||
| Answer is $ 53500. | |||||||||
| Explanation: | |||||||||
| Cashflows of $ 53500 has been reported as cash inflows from investing activities | |||||||||
Add Answer to:
A machine with a cost of $143,000 and accumulated depreciation of $91,500 is sold for $63,000...
Saved Help A machine with a cost of $150,000 and accumulated depreciation of $105.000 is sold...
Saved Help A machine with a cost of $150,000 and accumulated depreciation of $105.000 is sold for $60.000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is Multiple Choice O $60,000 $45,000 Zero This is a financing activity Zero. This is an operating activity $15.000 < Prey 35 of 36 Next > O : e to search SAMSUNG
A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500...
A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A machine with a cost of $144,000 and accumulated depreciation of $92,000 is sold for $64,000...
A machine with a cost of $144,000 and accumulated depreciation of $92,000 is sold for $64,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
If a business sells for $8.000 equipment that cost $25,000 and has $20,000 of accumulated depreciation,...
If a business sells for $8.000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, how is this reported in the statement of cash flows? Multiple Choice $8,000 inflow as an investing activity, and $3,000 gain as a subtraction from net income under operating activities $8,000 cash inflow in financing activities, and $3,000 loss as an addition to net income under operating activities $8,000 cash inflow as an investing activity only 58.000 cash inflow in financing activities, $3,000 gain...
If a business sells for $8,000 equipment that cost $25,000 and has $20,000 of accumulated depreciation,...
If a business sells for $8,000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, how is this reported in the statement of cash flows? Multiple Choice $8,000 cash inflow in financing activities, and $3,000 loss as an addition to net income under operating activities $8,000 cash inflow in financing activities, $3,000 gain as an addition from net income under operating activities $8,000 inflow as an investing activity, and $3,000 gain as a subtraction from net income under operating...
A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000...
A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is
A machine with a cost of $140,000 and accumulated depreciation of $95,000 is sold for $55,000...
A machine with a cost of $140,000 and accumulated depreciation of $95,000 is sold for $55,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A machine with a cost of $132,000 and accumulated depreciation of $86,000 is sold for $40,800...
A machine with a cost of $132,000 and accumulated depreciation of $86,000 is sold for $40,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is: Multiple Choice Ο Ο $4,080. Ο 558,300. Ο Ο $5.200
A machine with a cost of $132,000 and accumulated depreciation of $86,000 is sold for $40,800 cash
A machine with a cost of $132,000 and accumulated depreciation of $86,000 is sold for $40,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is: Multiple Choice $17, 500$4,080. $58,300$20,700$5.200
Sean-McDonald Company sold a printer with a cost of $34,000 and accumulated depreciation of $21,000 for...
Sean-McDonald Company sold a printer with a cost of $34,000 and accumulated depreciation of $21,000 for $10,000 cash. This transaction would be reported as: A. An operating activity. B. An investing activity. C. A financing activity. D. An operating and investing activity.
Saved Help A machine with a cost of $150,000 and accumulated depreciation of $105.000 is sold for $60.000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is Multiple Choice O $60,000 $45,000 Zero This is a financing activity Zero. This is an operating activity $15.000 < Prey 35 of 36 Next > O : e to search SAMSUNG
A machine with a cost of $143,000 and accumulated depreciation of $98,000 is sold for $56,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
If a business sells for $8.000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, how is this reported in the statement of cash flows? Multiple Choice $8,000 inflow as an investing activity, and $3,000 gain as a subtraction from net income under operating activities $8,000 cash inflow in financing activities, and $3,000 loss as an addition to net income under operating activities $8,000 cash inflow as an investing activity only 58.000 cash inflow in financing activities, $3,000 gain...
If a business sells for $8,000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, how is this reported in the statement of cash flows? Multiple Choice $8,000 cash inflow in financing activities, and $3,000 loss as an addition to net income under operating activities $8,000 cash inflow in financing activities, $3,000 gain as an addition from net income under operating activities $8,000 inflow as an investing activity, and $3,000 gain as a subtraction from net income under operating...
A machine with a cost of $132,000 and accumulated depreciation of $86,000 is sold for $40,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is: Multiple Choice Ο Ο $4,080. Ο 558,300. Ο Ο $5.200
Most questions answered within 3 hours.
-
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 9 minutes ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 44 minutes ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 3 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 3 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 3 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 3 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 3 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 3 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 3 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 4 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 4 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 4 hours ago