Answer:
The net cash provided by investing activities on the statement of cash flows will be $106,000
Explanation:
Investing activities include all the cash transactions incurred for the fixed asset of the company.
The net cash provided by (used in) investing activities can be calculated as follows
Net cash provided by (used in) investing activities = Sale of long-term investment + Collection by McCorey of a loan made to another company
Where
Sale of long-term investment = $60,000 ( Cash inflow )
Collection by McCorey of a loan made to another company = $46,000 ( Cash Inflow )
Placing values in the fomrula
Net cash provided by investing activities = $60,000 + $46,000 = $106,000
Answer:
Should have deposited the money in a bank escrow or trust account and should have discussed the interest with the parties
Explanation:
In the case when the broker b received the money check i.e. earned for $5,000 and it is instantly cash. At the closing, the broker has drawn from this own account for $5300 that shows the original money plus siz percent rate of interst
So here the broker should deposit the money in the trust account and the same is to be discussed with the parties with respect to the interest
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Answer:
a cost would be what you pay minus what you earn.
Explanation: