Answer:
Loss= $7,500
Explanation:
<u>First, we need to calculate the book value of the equipment:</u>
<u></u>
Book value= purchase price - accumulated depreciation
Book value= 79,000 - 39,500
Book value= $39,500
<u>If the selling price is higher than the book value, the company made a profit by selling the equipment. </u>
<u></u>
Gain/loss= selling price - book value
Gain/loss= 32,000 - 39,500
Loss= $7,500
Answer and explanation:
Althea is covered by the Equal Employment Opportunity Commission (<em>EEOC</em>). The EEOC is an agency of the federal government of the United States that enforces federal laws regarding discrimination of <em>race, sex, age, religion, ethnicity, national origin or impairment</em>. Althea was fired with the excuse that it is not "appropriate" for an African American deejay to play music on a white Christian music station. This is reason enough to sue the radio station for discrimination.
Answer:
The correct answer is Option C.
Explanation:
In the indirect cash flows statement, there are 3 sections, namely: net cash flows from operating activities, net cash flows from investing activities and net cash flows from financing activities.
The items in the question only affect the first two. Under the net cash flows from operating activities, we need to subtract the gain realized from the disposal of the plant assets from net income, which is Sales proceed minus Net book value, i.e., $90,800 - ($904000- $843000) = $29,800.
The sales proceed is $90,800. This would be recognized as cash inflow under net cash flows from investing activities.
