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tigry1 [53]
3 years ago
14

Selected information from Large Corporation's accounting records and financial statements for 2013 is as follows ($ in millions)

: Cash paid to acquire a patent $48 Treasury stock purchased for cash 45 Proceeds from sale of land and buildings 75 Gain from the sale of land and buildings 46 Investment revenue received 15 Cash paid to acquire office equipment 70 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of:
a. $28 million.

b.$48 million.

c.$118 million.

d.$58 million.
Business
1 answer:
lozanna [386]3 years ago
6 0

Answer:

In its statement of cash flows, Large most likely reports net cash outflows from investing activities of a. $28 million.

Explanation:

Open an extract of the section of the Cash flow Statement IAS 7 of IFRS and determine the Cash flow from Investing Activities.

Consider only cash flows that relate to purchase and sale of assets.Assets are economic resources controlled by the entity as a result of past events for which economic benefits are expected to flow into the entity.

                                                                             ($ in millions)

<u>Cash flow from Investing Activities</u>

Cash paid to acquire a patent                                    (48)

Proceeds from sale of land and buildings                  75

Cash paid to acquire office equipment                      (70)

Investment revenue received                                      15

Net cash outflows from investing activities               (28)

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Answer:

Correct option is A.

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5 0
3 years ago
____________ risk refers to the danger of changes in buying power during times of rising or falling prices.
natali 33 [55]

The risk refers to the danger of changes in buying power during times of rising or falling prices is known as inflation.

<h3>What is a risk?</h3>

Risk refers to the uncertainty or probability of an accidental event that will affect the decision-making of an individual or organization. In business the higher the risk, the higher the profit is achieved.

Inflation is defined as the ratio at which prices rise over time. Inflation is usually defined as a wide measure of price increases or increases in the cost of living in a place affecting its citizens.

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3 0
2 years ago
The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be g
valkas [14]

Answer:

Expected value of X = -11.09

Explanation:

Expected profit:

= Probability of winning × Amount she wins

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Expected loss:

= Probability of loosing × Amount she paid

= 0.97 × $17

= 16.49

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E(X) = Expected profit - Expected loss

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4 0
3 years ago
g The effect on revenue due to a marginal increase in the input is called the marginal revenue product. Match the statements bel
morpeh [17]

Answer:

Statement true for Imperfect Competition Markets

Explanation:

Marginal Revenue Product is additional revenue due to hiring of additional input, it is product of marginal product & marginal revenue = MP x MR

Value Marginal Product is money value of additional production with additional input, product of marginal product (MP) & price (AR), = MP x AR

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5 0
3 years ago
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max2010maxim [7]

Answer: 35.29%

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0.085x = 8.5% - 5.5%

0.085x = 3%

x = 35.29%

6 0
3 years ago
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