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Harrizon [31]
3 years ago
10

A machine with a cost of $164,000, accumulated depreciation of $102,000, and current year depreciation expense of $25,500 is sol

d for $53,600 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
Business
1 answer:
Gre4nikov [31]3 years ago
4 0

Answer:

$53,600

Explanation:

The computation of the cash flow from investing activities is shown below:

Cash flow from investing activities

Sale value of machinery $53,600

Net cash flow from investing activities $53,600

The current year depreciation expense is to be reported under operating activities and as we know that the investing activities record those activities which are held for purchased and sale of long term assets so the sale value fo machinery is only reported

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3 0
3 years ago
Consider an individual who serves on the board of a bank and also sits on the board of a computer manufacturing company that bor
Elan Coil [88]

Answer:

<u>Interlocking corporate director</u>

Explanation:

Interlocking corporate director refers to an individual serving as a director on the board of multiple companies.

Interlocking directorship is not considered illegal if the companies of which the same individual serves as a director, are not competing firms.

In the given case, an individual serves on the board of a bank, also serves the board of a computer manufacturing company that usually borrows from the bank.

Here, the independence and objectivity of the director would be impaired and this may lead to a situation of conflict of interests as the director exercises sizable influence in framing the lending policies of the bank.

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4 years ago
An implied warranty of _________________ is an inherent promise that the product sold conforms to ordinary standards and that it
Anton [14]

Answer:

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Governments implement Administrative trade policies that are designed to make it difficult for imports to enter a country.

<h3>What is Administrative Trade Policies?</h3>

Administrative trade policies are bureaucratic rules designed to make it difficult for imports to enter a country. These are rules and regulations made by the government to control the entry of particular products into the country.

<h3>What is Trade policy ?</h3>

Trade policy is the set of agreements, regulations, and practices by a government that affect trade with foreign countries. Each nation determines its own standards for trading, including its tariffs, subsidies, and regulations.

Trade policies have a significant effect on the international economy and on financial markets. They affect exchange rates, the availability of goods, and the prices that people pay for them, among many other economic factors.

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