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nasty-shy [4]
3 years ago
7

An analysis of the general ledger accounts indicates that delivery equipment, which cost $75,000 and on which accumulated deprec

iation totaled $58,000 on the date of sale, was sold for $20,200 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows Added or Deducted $75,000 cost of office equipment $58,000 accumulated depreciation $20,200 sales price $3,200 gain on sale of equipment (assume the indirect method is used)
Business
1 answer:
earnstyle [38]3 years ago
6 0

Answer:

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So, the items reported or not reported is shown below:

1. $75,000 cost of office equipment - not reported

2. $58,000 accumulated depreciation - not reported

3. $20,200 sales price - investing activities - added

4. $3,200 gain on sale of equipment - operating activities - deducted

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Cons of TPP in U.S

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-Dominant- [34]

Answer:

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Explanation:

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For repeat offenders, administrative fines range from $1,000 to $5,000, and the license can be suspended or revoked.

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masha68 [24]

Based on business strategy, the salesperson needs to pay close attention to the buyer's interests during the need discovery phase to "<u>uncover the dominant buying motives."</u>

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As a salesperson, knowing why the buyer or consumer wants to buy a product will give you an edge to know how to market your products to the consumer.

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Answer:see attached file

Explanation:

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vekshin1

Answer:

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