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]
3 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]3 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
In terms of GNI PPP, excluding Singapore, the wealthiest nations of Southeast Asia are
shutvik [7]
<span>The wealthiest nations of Southeast Asia, excluding Singapore (which is one of the wealthiest countries in the world) are Thailand and Malaysia, with Malaysia being in the 130th position according to GNI (Gross national Income) and Thailand in the 120th position (the higher the number the bigger the GNI). After this it's Indonesia in the 72nd place. </span>
7 0
3 years ago
Organisms exhibiting complex multicellularity are large and have cells/tissues that are not in contact with their environment. S
maxonik [38]

Answer:

Explanation: the question should be, Why is bulk flow a necessary condition of complex multicellularity?

Then here is the answer, Multicellular organisms are that have plenty cells and they have s complex units that makes up their functions and makes them to begin to function as one.

Organisms exhibiting complex multicellularity are big and have cells/tissues that are not usually in contact with their environment. They are have systems that can overcome the limits of diffusion (movement from area of higher concentration to that of lower) must evolve for basic physiologic processes to occur.

7 0
3 years ago
Rochester Corp. holds a 15% equity investment in LaCrosse Inc. Reedsburg Investments holds 45% of LaCrosse’s stock. On October 1
Bess [88]

Answer:

Correct Option is B) Rochester Income Increase, Reedsburg Income No effect

Explanation:

As per IFRS,

When a company holds share of any company up to 20% then it is an associate, and in this case Rochester holds only 15% and thus will increase its net income with dividend received. (Cost method is followed)

When a company holds more than 20 % and less than 50% then the equity method is followed until and unless major significance is not exercised, generally it is exercised. In that case equity method is followed, and any income received is adjusted from cost of investment, and do not form part of income.

4 0
3 years ago
Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Firedog spends $150
MrMuchimi

Sam pays Better Buy $1,000 to install a new high -definition television (HDTV) on his living room wall. He's attracted by Better Buy's guarantee that he'll be happy with the new HD1V, or he'll get his money back. ? Better Buy pays Firedog $900 to install the HDTV. ? Firedog buys hardware worth $150 from The Home Station. Assume that The Home Station gets the hardware for essentially nothing and that other costs are $0. To compute the contribution to GDP using the expenditure approach. Which of the following would be included in the expenditure method of calculating GDP? Check all that apply. Sam spends $1,000. El Better Buy spends $900. El Firedog spends $150. The total contribution to GDP, measured by the expenditure method,

Answer:

Sam spending of $1000

Explanation:

Sam's expenditure is a household consumption expenditure

Since AE = C + I + G + NX

where AE = aggregate expenditure for GDP

C = household consumption

I = investment on capital goods

G = government expenditure

NX = net export.

7 0
3 years ago
A reverse stock split is defined as a(n):
strojnjashka [21]
E. decrease in both number of shares outstanding and the market price per share
7 0
3 years ago
Other questions:
  • 9) Selected information regarding a company's most recent quarter follows (all data in thousands). 9) _______ Direct labor $540
    5·1 answer
  • Thomlin Company forecasts that total overhead for the current year will be $7,584,000 with 158,000 total machine hours. Year to
    15·2 answers
  • Comparative advantage is the ability to convince others of the best choices to make in their own self-interest. perform an activ
    9·1 answer
  • Grand-cola spends $3 on direct materials, direct labor, and variable manufacturing overhead for every unit (12-pack of soda) it
    11·1 answer
  • The costs incurred by a business in an effort to avoid bankruptcy are classified as _____ costs. Flotation Direct bankruptcy Ind
    7·1 answer
  • How can we develop desicion making skill on ourselves​
    9·1 answer
  • Which of the following techniques will help the writer of an advertisement
    12·1 answer
  • Identify Google's marketing strategy
    14·2 answers
  • A firm decides to increase output by opening another plant. In doing so their average total cost changed from $50 with one plant
    9·1 answer
  • Question 2
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!