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8090 [49]
3 years ago
10

Firefly Inc. sold land for $225,000 cash. The land had been purchased five years earlier for $275,000. The loss on the sale was

reported on the income statement. On the statement of cash flows, what amount should Firefly report as an investing activity from the sale of the land?
Business
1 answer:
solmaris [256]3 years ago
8 0

Answer:

$225,000

Explanation:

The cash flow statement is divided into three categories investing, operating and financing. The investing activity refers to those activities which deal in buying and selling for long term asset in cash. The buying is cash outflow while the selling is a cash inflow.  So the amount reported under the investing activity is $225,000 as cash inflow.

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6 0
2 years ago
Which of the following factors increases pressures for cost reductions? a. Meaningful differentiation between products b. Reduce
Finger [1]

Answer:

c. Persistent excess capacity

Explanation:

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8 0
3 years ago
Meek's hunting emporium is a retail store that sells equipment required for hunting. it has established an advertising plan that
Maru [420]
The answer is; "this is an example of a media schedule".
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5 0
3 years ago
Any christian guys wanna be friends?
Mumz [18]
Sure brother



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6 0
3 years ago
Read 2 more answers
Which of the following is a business plan most similar to? A pinball machine
pickupchik [31]

Answer:

C: A road map.

Explanation:

Business plans are mapped out just like road map. Pinball machines and dreams are not mapped out and wish lists are just collections of things that you want while a business plan is a plan of action.

Hope this helps!  :)

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3 years ago
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