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Oliga [24]
2 years ago
14

If a gain of $7,600 results from selling (for cash) office equipment having a book value of $55,100, the amount reported in the

Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is
Business
1 answer:
Alisiya [41]2 years ago
3 0

The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.

<h3>Cash flow from operating activities sections:</h3>

Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.

This  gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.

The reason why we have to deduct the $7,600 is because under accrual basis of accounting  the amount represent a noncash addition to net income.

Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.

Learn more about cash flow from operating activities sections here:brainly.com/question/25530656

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3 years ago
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the follo
sdas [7]

Answer:

The correct answer is (d)

Explanation:

The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.

4 0
3 years ago
He _____ provides a basis for creating the project schedule and performing earned value management for measuring and forecasting
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7 0
3 years ago
Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total cost in the poo
allochka39001 [22]

Answer:

Results are below.

Explanation:

<u>To calculate the activities rates, we need to use the following formula on each pool:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Pool 1= 20,000/10,000= $2 per direct labor dollar

Pool 2= 15,000/50= $300 per setup

Pool 3= 10,000/200= $50 per hour

<u>Now, we can allocate costs to each product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product A:

Pool 1= 2*4,000= 8,000

Pool 2= 300*20= 6,000

Pool 3= 50 *50= 2,500

Total allocated costs= $16,500

Product B:

Pool 1= 2*6,000= 12,000

Pool 2= 300*30= 9,000

Pool 3= 50 *150= 7,500

Total allocated costs= $28,500

8 0
3 years ago
A local newspaper devotes its New Year's Day issue to people who have performed heroically during the past year. One of the peop
Wittaler [7]

Answer:

PRIVACY RIGHT of a person or an individual

does not allow giving a person which is the plantiff a publicity that are unnecessary based on that person private life unless if the plantiff information they want to write about is important to the article.

Explanation:

Based on the information given we were told

that Janet was included in a local newspaper

for the people who have performed heroically in which the article stated that she had been unable to find work due to burns to Janet hands and her feet which in turn makes Janet to sued the newspaper for the invasion of her privacy.

Therefore how the case should be decided is that the PRIVACY RIGHT of a person or an individual does not allow giving a person which is the plantiff a publicity that are unnecessary based on that person private life unless if the plantiff information they want to write about is important to the article.

8 0
3 years ago
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