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Ne4ueva [31]
3 years ago
15

A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $23,649 repres

enting a gain of $3,881. The value in the operating activities section regarding this event would be
a. $(3,881)
b. $23,649
c. $27,530
d. $19,768
Business
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer:

a. $(3,881)

Explanation:

Gain on sale of fixed assets is an income. To be included in the operating section of the cash flow statement, we need to deduct the gain. The disposal of the fixed assets will go to the investing section. As the gain of the sale of assets is already added to the net income in the income statement, it will be deducted to make the accounting procedure transparent. Therefore, <em>option A</em> is correct.

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A creamery shop sells its special ice cream for $4.50 a quart. It costs them $3.00 a quart to make it. The daily demand for this
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Answer and Explanation:

The computation of the service level and the corresponding optimal stocking level is shown below:

Given that

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Cost price = CP  = $3.00

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The  standard deviation of daily demand  = 4 quarts

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Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, to
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Answer:

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