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
Lesechka [4]
3 years ago
11

Using the indirect method (statement of cash flows), a gain from the sale of equipment would: A) be subtracted from net income B

) be added to net income C) have no adjustment made to net income D) be added to the investing section of the statement of cash flows
Business
1 answer:
eimsori [14]3 years ago
7 0

Answer:

The correct answer is A) be subtracted from net income

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income.

A gain from the sale of equipment is subtracted from net income

You might be interested in
Dawson Company issued 600 shares of no-par common stock for $5,400. Which of the following journal entries would be made if the
Tems11 [23]

Answer:

b. Cash               5,400 Debit

    Common Stock                                    1,200 Credit

    Paid-in Capital in Excess of Par          4,200 Credit

Explanation:

the cash proceeds will be for 5,400

common stock will increase for the face value:

600 shares x 2 = 1,200

the paid-in capital in excess of par value will be the difference:

5,400 - 1,200 = 4,200

Cash, which is an asset increase for mdebit side while the common stock and additional paid-in are equity accounts. They increase from the credit side.

6 0
3 years ago
You just received a $5,000 gift from your grandmother which you have decided to save and then gift to your grandchildren 50 year
svetlana [45]

Answer: Difference = $185,948.5 - $147,285. = $38,663.5

Explanation:

To calculate the future value,  you have to use the formula

fv = PA (1 + r/100)ⁿ

where

FV = future value

PA = Present Amount

r = rate

n = number of years

calculating for the future value if you earn a percent of 7.5 =

fv = 5,000 (1 + 0.075) ⁵⁰

fv = 5,000 ( 1.075)⁵⁰

fv = 5,000 (37.1897)

fv = 185,948.5  

calculating the Fv when the rate is 7%

fv = 5,000 (1 + 0.070) ⁵⁰

fv = 5,000 ( 1.070)⁵⁰

fv = 5,000 (29.4570)

fv = 147,285

Then find the difference between the Fv when the rate is 7.5 and when the rate is 7

Therefore difference = $185,948.5 - $147,285. = $38,663.5

6 0
4 years ago
A profit-maximizing firm will not employ an additional unit of a resource if the marginal product of that unit is greater than t
Lubov Fominskaja [6]

Answer:

The Answer is A) True                                    

Explanation:

The marginal cost of production and marginal revenue are economic measures used to determine the amount of output and the price per unit of a product that will maximize profits. A rational company always seeks to optimize its profit, and the relationship between marginal revenue and the marginal cost of production helps to find the point at which this occurs. The point at which marginal revenue equals marginal cost maximizes a company's profit.

Cheers!

4 0
3 years ago
(1 point)
Elan Coil [88]

Answer:

Explanation: do you have the answer now?

6 0
3 years ago
What might you expect to find out about people who are described as credit risks?
wolverine [178]

Answer:

B. They have a history of not making their payments on time.

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • What practical steps can a manager take to motivate employees to increase their effort?
    6·1 answer
  • Mike is applying for a home loan and wants to buy a house worth $150,000 in a neighborhood close to his work. however, he only h
    5·1 answer
  • At the profit-maximizing level of output, a monopolist will always operate where:
    7·1 answer
  • DAC Company pays its employees every Friday. On January 2, 20--, the Company paid $6,000 for the 5 days beginning the previous M
    8·1 answer
  • In 2006, Gap Inc. ended their relationship with 23 production facilities due to code violations. Several closings occurred becau
    15·1 answer
  • Let X be the damage incurred (in $) in a certain type of accident during a given year. Possible X values are 0, 1000, 5000, and
    8·1 answer
  • XYZ Company produces a significant daily amount of electronic waste. The company disposes the waste into the ocean despite stric
    10·1 answer
  • Jaron's Internet is not functioning. A person from which pathway would best aid Jaron in fixing the issues with his
    6·1 answer
  • Consider the following scenario: Because inflation has risen, a clothing company decides to issue a new printed catalog monthly
    12·1 answer
  • What roles do specialization and division of labor play in economists’ support of free trade?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!