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3 years ago

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under:________

Business

1 answer:

omeli [17]3 years ago

4 0

Answer:

b. investing activities

Explanation:

Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under investing activities.

Generally, investing activities comprises of purchasing physical assets, investing in securities and the sale of assets or securities associated with the company.

<em>Hence, a company that purchases equipment for $32,000 cash should show the transaction on the statement of cash flows under investing activities.</em>

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Answer:

c:40:1 OR B:32:1

Explanation:

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3 years ago

Corey, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to 10

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Answer:

central tendency distributional error

Explanation:

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3 years ago

You examine the schedule for your favorite soccer team. the team plays sixteen games each season. later, you try recalling that

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<span>It is an example of the primacy effect. Primacy effect is one of the two main components of a broader concept known as the serial position effect. The serial position effect says that when given a list of information and later asked to recall that information, the items at the beginning (primacy) and the items at the end (recency) are more likely to be recalled than the items in the middle.</span>

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2 years ago

Carney Construction purchased a truck for $55,000 on January 1, 2015. The truck had an estimated useful life of 5 years and an e

ddd [48]

Answer:

The amount of depreciation would be recorded in 2016 was $12,000

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total cost of the equipment - Residual value = $55,000 - $5,000 = $50,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2015 = 40% x $50,000 = $20,000

At the beginning 2016, the Depreciable cost's book value is $50,000-$20,000 = $30,000

Depreciation expense for 2016 = 40% x $30,000 = $12,000

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2 years ago

Your employees have an average salary of $37,000 per year. Their benefits, health insurance and a retirement plan, are worth $22

const2013 [10]

Answer:

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2 years ago