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il63 [147K]
3 years ago
9

Carter Containers sold marketable securities, land, and common stock for $30 million, $15 million, and $40 million, respectively

. Carter also purchased treasury stock, equipment, and a patent for $21 million, $25 million, and $12 million, respectively. What amount should Carter report as net cash from investing activities?
Business
1 answer:
belka [17]3 years ago
6 0

Answer:

The $8 million is the amount which should Carter report as net cash from investing activities.  

Explanation:

Cash flow from investing activities : It includes all types of transactions whether it is a sale or purchase of fixed assets and intangible assets.

So, the net cash flow amount from investing activities is equals to

= Sale of marketable securities + Sale of land - Purchase of equipment - purchase of patent

= $30 million + $15 million - $25 million - $12 million

= $8 million

The sale of common stock and purchase of treasury stock is a part of financing activities. Hence, it is not considered in the computation part.

Thus, the $8 million is the amount which should Carter report as net cash from investing activities.  

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Answer:

The August 31 trial balance is a debit and credit amount of $16,986

Explanation:

The journal entries for the following transactions is as follows;

  General Journal                          Debit                              Credit

1. Cash                                            $6,500

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2. Prepaid insurance                       $2,100

   Cash                                                                                   $2,100

3. Office supplies                             $880

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4. Cash                                              $3,331

   Photography fees                                                              $3,331

5. Utilities expense                           $675

   Cash                                                                                     $675

August 31 trial balance                     $16,986                         $16,986  

The August 31 trial balance is a debit and credit amount of $16,986

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Bramble Corp. factors $3250000 of its accounts receivables without recourse for a finance charge of 4%. The finance company reta
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