1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
love history [14]
3 years ago
12

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 net income. c) addition to cash flow from investing activities. d) subtraction from cash flow from investing activities.
Business
1 answer:
Alex17521 [72]3 years ago
4 0

Answer: A - Addition to net income under the operating activities

Explanation: Under the indirect method of cash flow, loss on the sale of equipment will be treated under the operating activities.

Here, the loss will be added under the operating activities of the organisation because it is a loss.

While a profit on sale of equipment will be deducted under the operating activities.

You might be interested in
The large, heterogeneous market from which specific submarkets (market segments) are drawn is called the aggregate market.
Marysya12 [62]

Answer:

False

Explanation:

The large heterogeneous market is a market structure where diverse commodities and services are available to the customers. Overall, large heterogeneous markets are known as 'Mass markets' or ' Total product market'. This market satisfies customer needs due to mass production of distinctive goods. In the large heterogeneous market, customers have different perspectives, wants, choices and nature etc.

8 0
3 years ago
James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon
Hitman42 [59]

Explanation:

The journal entries are shown below:

On October 12

Purchases ($47,500 x 0.99) $47,025

            To Account Payable  $47,025

(Being the purchase of merchandise is recorded)  

On October 12

Freight In $670  

         To Cash  $670

(Being the freight charges is recorded)  

On October 31

Account Payable $47,025  

              To Interest Expense $475

              To Cash  $47,500

(Being the payment for purchases is recorded)  

Account Receivable $31,400  

            to Sales Revenue  $31,400

(To record the sales on account)

On October 31  

Cost of Goods Sold $20,550  

Ending Inventory  $59,145

          To Beginning Inventory   $32,000

          To Purchases  $47,025

           To Freight In  $670

(Being recording the adjusting entry is made)

6 0
2 years ago
Mrs. Smith operates a business in a competitive market. The current market price is $7.50. At her profit-maximizing level of pro
adelina 88 [10]

Answer:

Option (D) is correct.

Explanation:

Given that,

Current market price = $7.50

Average variable cost = $8.00

Average total cost = $8.25

It can be seen from the above information that current market price is less than the average variable cost, i.e, $7.50 < $8.00.

Mrs. Smith should shut down its production in the short run as well as in the long run until the point where current market price is greater than or equal to average variable cost.

4 0
3 years ago
Jamison is self-employed and he works out of an office in his home. Jamison itemizes his deductions, and the sum of his itemized
Arte-miy333 [17]

Answer: c. Interest expense and property taxes, other expenses, depreciation expense.

Explanation:

In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.

After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.

At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted

6 0
2 years ago
Bruh ur no help its not even a answer dumbo
RSB [31]

Answer:

?

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Use information from the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to determin
    9·1 answer
  • Which of the following statements regarding a SEP is true?
    10·1 answer
  • Match each situation below to two applicable reasons that require an adjustment to be made.
    15·1 answer
  • You are aware that your neighbor trades stocks based on confidential information he overhears at his workplace. This information
    8·1 answer
  • On October 1, Gala Corporation has 300 units of Product XYZ on hand. The company plans to sell 1,200 units of Product XYZ during
    8·1 answer
  • The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm: Purchased $80,000 of materials on accou
    14·1 answer
  • You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10
    11·1 answer
  • A document format is : ap3x
    8·1 answer
  • You need a 30-year, fixed-rate mortgage to buy a new home for $280,000. Your mortgage bank will lend you the money at an APR of
    9·1 answer
  • Say that transaction costs are high because there are many parties to a property use dispute. If the externality is caused by, s
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!