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mixas84 [53]
3 years ago
7

A machine with a cost of $130,000, accumulated depreciation of $85,000, and current year depreciation expense of $17,000 is sold

for $40,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:A. $45,000.B. $5,000.C. $17,000.D. $28,000.E. $40,000.
Business
1 answer:
MissTica3 years ago
3 0

Answer:

Option E: $40,000 - Cash from sale of Machine

Explanation:

Cash flow from Investing activities section of the cash flow statement should include cash received on the sale of property, plant & equipment, cash paid to acquire property, plant & equipment, cash paid for investments in or as loans to other companies and dividends received from any investments.

In case of sale of a Machine, $40,000 received on sale should be reported as source of cash in the cash flows from investing activities section.

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Some countries share a common currency (e.g., those that participate in the euro), while some other countries peg their currenci
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Answer:

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The potential lies in the fact that regional currencies allow to coordinate a common monetary policy in several countries. This common policy means that several countries now have the same interest rates, the same rate of inflation, and the same currency itself, and all these commonalities facilitate the exchange of goods and services.

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If you support the concept, should those currencies be tied to regional economic blocs?

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3 years ago
Which factor makes an IRA superior to a regular stock portfolio for saving for retirement?
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An entrepreneur needs to raise $20,000 for improvements to her factory. She plans to contribute 60 percent of this sum from her
Karolina [17]

Answer:

$8,000

Explanation:

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BlackZzzverrR [31]

Answer:

19

Explanation:

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Answer:

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