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GaryK [48]
3 years ago
15

Selected information from Curl Salon’s accounting records and financial statements for 2018 is as follows ($ in millions): Cash

paid to acquire equipment = $20 Treasury stock purchased for cash = $22 Proceeds from sale of land and buildings = $45 Gain from the sale of land and buildings = $16 Interest and dividends received on investments = $33 Cash paid to acquire office equipment = $40 Curl uses USGAAP. On its statement of cash flows, the company should report net cash flows from investing activities of:
Business
1 answer:
Lynna [10]3 years ago
6 0

Answer:

The multiple choices are:

$15 million net outflow

$37 million net outflow

$30 million net inflow

$ 1 million net inflow

The cash option is$15 million net cash outflow

Explanation:

The net cash flows from the investing activities that Curl Salon should record comprises of cash paid to acquire equipment,proceeds from sale of land and buildings,dividends received from investment as well as cash paid to acquire office equipment,which are summarized below:

                                                        $ millions

Cash paid to acquire equipment   (20)

proceeds from land and building  45

cash paid for office equipment     (40)

cash outflow                                    (15)

The correct option is an outflow of $15 million

       

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olasank [31]

Answer:

c. drafting a contract illegally.

Explanation:

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Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.

7 0
3 years ago
Team members can collaborate on ideas using telepresence. <br> a. True <br> b. False
Kisachek [45]
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8 0
3 years ago
Which of the following are normally recorded on a registration card?
elena55 [62]
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5 0
2 years ago
The following per unit cost information is available: direct materials $36, direct labor $24, variable manufacturing overhead $1
oksian1 [2.3K]

Answer:

Mark−up percentage = 18.75%

Explanation:

Total manufacturing cost= Direct material + Direct labor  + Variable overhead + Fixed overhead

= $36 + $24 + $18 + $40

= $118

Hence, the total manufacturing cost is $118.

Total selling cost = Fixed selling cost + Variable selling cost

Total selling cost = $28 + $14

Total selling cost = $42

Hence, the total selling cost is $42

Total cost = Total Manufacturing cost + Total selling cost

Total cost = $118 + $42

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7 0
2 years ago
United Resources Company obtained a charter from the state in January of this year. The charter authorized 218,000 shares of com
alina1380 [7]

Answer:

United Resources Company

Stockholders' Equity Section of the Balance Sheet at the end of the year:

Authorized share capital:

Common stock, $2 par, 218,000 shares

Issued and Outstanding shares:

Common stock, $2 par, 66,000 shares     $172,000

Additional paid-in capital - common stock  642,000

Treasury stock, $2 par, 20,000 shares       (40,000)

Retained earnings                                        494,000

Total equity                                              $1,268,000

Explanation:

a) Data and Analysis:

Authorized share capital:

Common stock, $2 par, 218,000 shares

Net income for the year = $494,000

Transactions:

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83,000 shares of the common stock in an initial public offering for $13 per share.

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3,000 shares of treasury stock for $19 per share.

8 0
2 years ago
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