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
creativ13 [48]
3 years ago
5

If a gain of $5,292 is realized in selling (for cash) office equipment having a book value of $50,960, find the total amount rep

orted in the cash flows from investing activities section of the statement of cash flows. Select the correct answer. $56,252 $50,960 $5,292 $45,668
Business
1 answer:
kati45 [8]3 years ago
8 0

Answer:

$56,252

Explanation:

<u />

<u>For the investing activities we should post the proceeds from the sale</u>, not the gain or the book value of the equipment

if there is a gain, then it was sold above the book value by this amount

proceeds - book value = gain

book value: 50,960

gain: 5,292

proceeds - 50,960 = 5,292

proceeds =  50,960 + 5,292 = 56,252

You might be interested in
A Statement of Financial Position is a formal statement presenting the three accounting elements which are?
RSB [31]

The financial statement called the Statement of Financial Position is also known as the Balance Sheet.

The three accounting elements that are included on this statement are the Assets, Liabilities and Owner’s Equity.

4 0
3 years ago
Where do banks get money to lend to borrowers?
Marysya12 [62]

The answer is<u> "depositors".</u>


An individual who is making a deposit with the bank is known as a depositor. The depositor is the moneylender of the cash which will be come back to him/her toward the finish of the store time frame.  

A depositor (you) places cash in a banks vault, at that point the bank putts enthusiasm on it, and can utilize it in the event that it needs to. Up to a specific measure of it remains in the bank on the off chance that you need to come and withdraw.

5 0
3 years ago
Read 2 more answers
Why is accuracy an essential element of business communication?
katovenus [111]

Communication is an essential element of any business. One needs to convey message as effectively as possible. Therefore accuracy is the key requirement for the business communication. without the accuracy the business message will be delivered either misleading or it will be unclear.

Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.

That is why accuracy is the most important element of any business communication and a significant interval of time must be spent on making the communication accurate in any organization.

To know more about Business communication here:

brainly.com/question/17181900

#SPJ4

3 0
2 years ago
APR on a loan may be adjusted based on a borrower’s
horsena [70]

APR on a loan may be adjusted based on a borrower’s

credit history

8 0
3 years ago
Read 2 more answers
Harrison Inc. applies overhead based on machine hours. Harrison reports the following for the year just ended: Budgeted overhead
Verdich [7]

Answer:

idfk

Explanation:

8 0
3 years ago
Other questions:
  • In the market for a particular pair of shoes, jena is willing to pay $75 for a pair, while jane is willing to pay $85 for a pair
    14·1 answer
  • Tennot Inc. sells used cars. It focuses solely on low-income customers who prefer to buy a used car rather than a new one. There
    13·1 answer
  • The use of communication technologies such as videoconferencing and networks has enabled increased
    14·2 answers
  • Assume $1,000 is deposited in a checkable account by Mr. Y in Bank A. Assume further that the reserve requirement is 0.10. The i
    9·1 answer
  • Japanese tourists come to experience the magic of Disney World and other attractions around Orlando, Florida. These tourists are
    10·1 answer
  • The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Picture Abrams,
    9·1 answer
  • Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XX for $85 during December 2014. These new subscribers will receive mon
    6·1 answer
  • During June, Vixen Company sells $850,000 in merchandise that has a one year warranty. Experience shows that warranty expenses a
    11·1 answer
  • Pharoah Company had beginning inventory of $18600 at March 1, 2022. During the month, the company made purchases of $80600. The
    15·1 answer
  • If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 15 percent
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!