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
loris [4]
4 years ago
15

If a gain of $5,278 is realized in selling (for cash) office equipment having a book value of $50,852, find the total amount rep

orted in the cash flows from investing activities section of the statement of cash flows.
A) $5,278
B) $56,130
C) $50,852
D) $45,574
Business
1 answer:
Alina [70]4 years ago
6 0

Answer:

B) $56,130

Explanation:

The cash flow statement shows how the company's operating, investing and financing activities affect the flow of cash by generation or use.

The investing activities section is where the purchase of fixed assets and the amount received for the disposal of these assets are accounted for.

Given that a gain was realized and the book value of  the asset was given, the amount received for the disposal

= $5,278 + $50,852

= $56,130

This is the amount that will be reported in the investing activities section of the statement of cash flows as an inflow.

You might be interested in
Exercise Answer the following questions 1. What is teaching? Write.​
MaRussiya [10]

Answer:

Teaching can be defined as engagement with learners to enable their understanding and application of knowledge, concepts and processes. It includes design, content selection, delivery, assessment and reflection

Explanation:

mark me as a brilliant

6 0
2 years ago
Your company emphasizes the important of conserving (not wasting)
Fofino [41]
Your answere would be A, Use the Print option for two-sided printing.
7 0
3 years ago
Complete the statements regarding financial agencies.
Elena L [17]
Brainly suggestions is financial agencies
4 0
3 years ago
SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand at a local flea market. He agrees to pay his gre
leva [86]

Answer:

$20,000

$80,000

Explanation:

Fixed cost is the cost that does not vary with output.

Fixed costs = cost of interest + other yearly fixed cost

(0.05 x $80,000) + $16,000= $20,000

Total cost is the sum of fixed and variable cost.

Variable cost is the cost that varies with output. If output is zero, variable cost would be zero.

Total cost = fixed cost + variable cost

= $20,000 + $60,000 = $80,000

5 0
3 years ago
Difference between accounts receivable and payable
Elina [12.6K]
When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
7 0
3 years ago
Other questions:
  • Which of the following is a good rule to follow when using business cards
    14·1 answer
  • According to the company Evernote it is a workspace that lives across your phone, tablet, and computer. It is the place you writ
    10·1 answer
  • Lebron james, stephen curry, and other athletes are paid huge sums of money by companies for celebrity endorsements. if endorsem
    6·1 answer
  • Customers who shop on Amazon find it helpful to read the customer reviews associated with products that others have purchased. A
    5·1 answer
  • What is the purpose of the "circular flow model of a market economy?"
    15·1 answer
  • Lionel purchased a $200,000 ordinary life insurance policy when he was 25 years old and had significant life insurance needs. No
    12·1 answer
  • Joseph has just accepted a job as a stockbroker. He estimates his gross pay each year for the next three years is $35,000 in yea
    13·1 answer
  • In what type of auction does a buyer initiate the process by submitting a description of the desired product or​ service?
    14·1 answer
  • Sport entertainment includes a variety of jobs and segments of the industry. Which of the following is a job type associated wit
    6·1 answer
  • The BE in units for CompuTech in 2021?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!