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
myrzilka [38]
3 years ago
15

Assume a company sold a piece of equipment for $3,000. The original cost was $15,000 and the accumulated depreciation prior to t

he sale was $10,000. What amount, if any, would appear in the operating activities section of the statement of cash flows using the indirect method?
Business
1 answer:
Flauer [41]3 years ago
4 0

Answer:

The amount of $2000 (loss on sale) would be added to the reported profit under the operating section of the statement of cash flow

Explanation:

<em>With the sale of an asset, the reported profit would have been increased or decreased by the amount of gains or losses realized on the sale of the equipment</em>

Gain/loss on sale = sales value - Carrying amount

Carrying amount = cost - accumulated deprecation

                      = $15,000 - $10,000

                      = $5,000

Loss on depreciation = 3,000 -5,000

                                   = ($2000)

The amount of $2000 would be added to the reported profit under the operating section of the statement of cash flow

You might be interested in
Daisy Inc., a manufacturing company, is planning to invest in newequipment. Thomas, the cost accounting manager, was in favor as
NeX [460]

Answer:

The correct answer is D. Credibility.

Explanation:

Thomas violated the credibility of his studies, because he omitted the error which caused a false expected result.

Credibility is that characteristic of certain things that make them credible, we talk about situations, verses or estimates of a certain presence. When we say that we observe the credibility of something we are making a measurement of what is credible and not facing a series of examples in order to make a comparison in this regard.

7 0
3 years ago
In a furniture store, a window display shows how colorful lamps and pillows
Zanzabum

Answer:C

Explanation: Provide a link to show how brighten a room is

3 0
4 years ago
At the beginning of a recession comma which of the following is most likely to be true question mark A. The price level begins t
Anestetic [448]

Answer:

B. Spending by firms on capital goods is declining.

3 0
3 years ago
The company has 15 employees, who earn a total of $1,960 in salaries each working day. They are paid each Monday for their work
I am Lyosha [343]

Answer:

Preparation of the adjusting entries as of December 31, 2015.

Dr Salaries Expense 3,920

Cr Salaries Payable 3,920

Explanation:

Since we were been told in the question that all the 15 employees worked the first 2 days of that week, the Adjustment we therefore be $3,920( 1,960×2) . And the transaction will be recorded as:

Dr Salaries Expense 3,920

Cr Salaries Payable 3,920

The Adjustment will be :

1,960 x 2 = 3,920

Therefore the pay that occured in New Year's Day will not be used because it falls in the next year.

4 0
3 years ago
Suppose that instead of using a forward contract, you consider using options. A one-year call option to buy euros at a strike pr
Stells [14]

Answer:

Sell the put option. The put option is better and advantageous .

Explanation:

The call option is trading far below the strike price and poses risk. The price may not go up to $1.25 and hence not advisable. The put option is better as we stand to make a profit margin ($1.15 / Euro) if it sells the put at he strike price immediately. Given that the difference is high, it is unlikely that the price will move against us and we shall exercise the option as soon as the margin starts reducing.

5 0
3 years ago
Other questions:
  • The objective of a best-cost strategy is to: a. Deliver superior value to value-conscious buyers at a comparatively lower price
    13·1 answer
  • Which of the following is not a type of savings account? A) money market savings B) savings bonds C) basic savings D) certificat
    14·2 answers
  • The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate
    10·1 answer
  • Restricting imports Question 10 options: can protect United States jobs in the protected industry, which increases economic welf
    13·2 answers
  • If you are falling behind on your student loan payments, which of the following steps should you take to avoid default?
    5·2 answers
  • Sam manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of ti
    9·1 answer
  • What is the independent and dependent variable?<br> please help
    10·1 answer
  • Using the smith's bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make n
    15·1 answer
  • If you don't own a home or a car, your liability is
    12·1 answer
  • Marian moved from her spacious office, to one that was much less desirable. Although she was not happy about this, she didn't co
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!