1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sunny_sXe [5.5K]
3 years ago
14

Land Transactions on the Statement of Cash Flows Alpha Corporation purchased land for $211,000. Later in the year, the company s

old a different piece of land with a book value of $93,000 for $101,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Transactions Action Amount Gain or loss on sale of land Deducted from net income $ -8,000 Cash received from sale of land Part of cash flows from investing activities $ Cash paid for purchase of land Part of cash flows used for investing activities $
Business
1 answer:
horsena [70]3 years ago
3 0

Answer:

<u>investing activities:</u>

acquisition of land   (211,000)

sale of land              (101,000)

<u>Operating Activities:</u>

gain on sale: NO EFFECT if direct method is used

                adjusting the net income if the indirect method is used.

Explanation:

The cash disbursmenets and cash proceeds fro mthe purhcase and sale of land respectevely will appear as investing activities.

The gain on the sale will adjust the net incoem if the company used indirect method to determinatethe cash from operating activities.

As is a non-monetary term It will be removed.

If the company used the direct method there will be no mention to the gain on sale.

You might be interested in
Which of the following statements accurately describes the free enterprise
Readme [11.4K]

Answer:

Businesses are generally free of government ownership and

control

Explanation: The answer is C.

6 0
3 years ago
Seven months ago, you purchased 140 shares of Mitchum Trading for $50.07 per share. The stock pays a quarterly dividend of $.17
sesenic [268]

Answer:

The answer is $47.6

Explanation:

Solution

Given that

You bought = 140 shares of  Mitchum Trading for $50.07  per share

The quarterly dividend = $.17

The current price = $51.03

So we find the total dividend income you received which is computed below:

The total dividend received = (0.17 * 2) * 140

=(0.34) * 140

= $47.6

Therefore the total dividend of income that you received is $47.6

4 0
3 years ago
A certificate of deposit that changes the rate of interest based on the prevailing market interest rate is known as a: A Market
8090 [49]

Answer:

B. Step-up/Step-down CD

Explanation:

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

A Step-up/Step-down certificate of deposit (CD) is a type of CD that changes the rate of interest for a deposit based on the prevailing market interest rate.

4 0
3 years ago
The reason that interest rate risk is greater for ____ term bonds than for ____ term bonds is that the change in rates has a gre
meriva

The reason that interest rate risk is greater for <u>long</u>-term bonds than for <u>short</u>-term bonds is that the change in rates has a greater effect on the present value of the <u>Par Value</u> than on the present value of the <u>Coupon</u>.

<h3>What is a Long-term Bond?</h3>

Long-term bonds are investments that span a maturity term of at least 10 years and up to 30 years.

They usually pay a higher interest rate than the short-term bonds which span between a year and three years.

See the link below for more about long-term bonds:

brainly.com/question/3521722

4 0
2 years ago
Describe how organizational culture is related to project management. What type of culture promotes a strong project environment
alukav5142 [94]

Explanation:

Every company regardless of its size or area of ​​activity has an organizational culture, formally instituted or not.

Organizational culture can be defined as the company's identity, it is a system of values, procedures and behaviors that are shared by all members of an organization. A culture can be rigid or flexible, innovative or conservative, strong or weak, hostile or supportive.

Therefore, the relationship that the organizational culture has with the project management area is the impact on the behavior and form of action of the project members, the culture has a relevant impact on the identity of the professional.

The ideal type of culture to promote a strong project environment is a culture focused on innovation and the guidance and coordination of staff, with an emphasis on the group, so that there is integration, motivation and a favorable climate.

3 0
3 years ago
Other questions:
  • Eric and Chelsea sign a contract where Eric will sell his used car to Chelsea for $400. That night, Chelsea's parents surprise h
    5·1 answer
  • Suppose that monetary neutrality and the fisher effect both hold. other things the same, the quantity theory would predict that
    7·1 answer
  • Indigo Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the fir
    8·1 answer
  • You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500
    12·1 answer
  • Suitable options to solve the financial problem of a restaurant owner
    6·1 answer
  • Beyers Corporation provides security services. Selected transactions for Beyers are presented below.
    13·1 answer
  • Kent Manufacturing produces a product that sells for $64.00 and has variable costs of $35.00 per unit. Fixed costs are $348,000.
    10·1 answer
  • Starting from a long run steady state equilibrium, a variety of expansionary fiscal and monetary policies were undertaken. The p
    13·1 answer
  • Jeff, an employee at Citrus Inc., hears about a change in the company's leave policy from one of his coworkers and shares this i
    13·1 answer
  • Depreciation is incorporated into the discounted cash flow analysis of an investment proposal because it: Select one: a. Is a co
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!