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Agata [3.3K]
3 years ago
9

Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that delivery equ

ipment, which cost $200,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for $132,500 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
Business
1 answer:
gtnhenbr [62]3 years ago
3 0

Answer:

The answer is stated below:

Explanation:

Cash flow from the investing activities is the vital section of the cash flow statement of the company, as it displays how much amount of money has been used for making the investments during the particular period or year.

This activity comprise of the purchases of the long term assets like equipment, property and plant.

This item to be recorded as:

Cash flow from the investing activities

Cash received from the sale of equipment.................................$132,500

The loss on the sale of the asset (which amounts to $7,500  )will be added to the Net Income in order to determine the cash flow from operating activities.

Working Note:

Loss on Sale = (Cost of asset - Accumulated depreciation) - Sale value

= ($200,000 - $60,000) - $132,500

= $140,000 -  - $132,500

= $7,500

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Answer:

The correct answer is D. not able to be calculated from the information given.

Explanation:

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8 0
4 years ago
Think of a situation that you witnessed regarding communication in an organizational change situation. Identify the elements of
Xelga [282]

The correct answer to this open question is the following.

Unfortunately, you did not attach the texts you read or some excerpts to know what they talk about.

However, trying to help you, we can comment on the following.

The situation that I witnessed regarding communication in an organizational change situation was in the company where my father worked.

This company tried to promote a more inclusive workplace, hiring people from different backgrounds of life, ethnicities, races, and nationalities. The  Communications Department made a good effort to be inclusive to inform the employees, inviting them to express themselves openly because the managers also wanted people to be confident to make their voices heard.

They used proper and formal language. They wanted people to be welcome to express their concerns.

As I mentioned before, this was a Communication program to let employees know that the company was changing for good. More diversity and more openness, as well as inclusion.  

As far as I'm concerned, the program was successful in that employees really felt that managers were honest in the effort.

3 0
3 years ago
Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
PilotLPTM [1.2K]

Answer:

The required return is 7.92%

Explanation:

Required return is defined as the minimum return which the investor expects to accomplish through investing in the project.

The required return would be computed as:

Required return = Dividend paid each year / Selling price per share

where

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Putting the values above:

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7 0
4 years ago
The slope of the demand for loanable funds curve represents the a. negative relation between the real interest rate and saving.
Elena L [17]

Answer:

d. negative relation between the real interest rate and investment.

Explanation:

The demand curve for loanable funds is a downward sloping curve, with interest as the independent variable.

Such because 'demand' for 'investment' i.e loanable funds is inversely related to 'price' of loanable funds i.e their interest.

  • At higher interest rate : loanable funds & investment is expensive, so it is demanded less
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4 0
3 years ago
Prestige Manufacturing Corporation reports the following items in its statement of cash flows presented using the direct method.
bonufazy [111]

Answer:

1. Payment for equipment purchase =  investing activities (I)

2. Repayments of bank loan = financing activities (F)

3. Dividends paid = financing activities (F)

4. Proceeds from issuance of stock = financing activities (F)

5. Interest paid = operating activities (O)

6. Receipts from customers = operating activities (O)

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Operating Activities are activities that generate cash in the ordinary course of business.

Investing Activities are activities that generate cash due to movement in capital expenditure balances

Financing Activities are activities that generate cash due to sourcing of funds or changes in ownership.

5 0
3 years ago
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