Answer: $50,000
Explanation:
From the question, we are informed that a machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash.
The amount that should be reported as a source of cash under cash flows from investing activities will be $50,000. It should be noted that only cash effects of transaction has to be added to the cash flow statement.
Answer:
Debit Asset Improvement account $105,000
Credit Cash account $105,000
Being entries to record cost of modernization of store.
Explanation:
The cost of the modernization is a cost that will be capitalized with the cost of the store as an asset. When an asset is purchased for cash, the adjusting entries required are;
Debit Fixed asset account
Credit Cash account
The modernization will be recognized in the Asset improvements account hence the debit entry will be posted there while the corresponding credit will go to cash account.
1. The arguments that these people put forward was to exonerate the president by saying the situation was beyond his control.
<h3>The argument that Feingold put forward</h3>
He argued that there were many situations that occurred that were beyond the capacity of Roosevelt's administration. These were
- The determination to liquidate Jews by Berlin.
- The decision to rescue a minority in a foreign land that the US did not owe any responsibility.
<h3>The argument that Heuvel put forward</h3>
Heuvel sternly said that it was ironic to put any blames on Roosevelt because he was not the one that caused the holocaust.
According to him, no one had any backgrounds to fault him for what was being done by Hitler because he was not the cause.
2. What Michael meant was that it was not a common occurrence for the president to be silent on issues that are as pressing as this.
According to him, the president was a person that would speak up fast on serious world issues. He meant it was not in the character of the president to be late in issues of this sort.
3. Wyman called it the worst failure of his presidency because he refused to act for a long time during the extermination.
From what he said, the president only stepped in to save the Jews out of pressure.
Read more on the holocaust here:
brainly.com/question/12962
