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weqwewe [10]
4 years ago
11

If a gain of $221000 is realized in the cash sale of a building having a book value of $882000, the total amount reported in the

cash flows from investing activities section of the statement of cash flows is
Business
1 answer:
djyliett [7]4 years ago
8 0

Answer:

$1,103,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

For assets disposed, the amount received from the disposal is the amount recorded as an investing activity.

Amount received  - Book value of asset = Gain on disposal

Amount received = $221000 + $882000

= $1,103,000

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A double variable stores a value in 64 bits, using some bits for mantissa, some for exponent, and one for sign. which is true ab
Gala2k [10]

Limited bits may cause some rounding of the mantissa  is true a few double variable

<h2>What is a double variable?</h2>

A double type variable may be a 64-bit floating data type

The double may be a fundamental data type built into the compiler and used to define numeric variables holding numbers with decimal points. C, C++, C# and lots of other programming languages recognize the double as a type

Why we use double data type?

Double is more precise than float and may store 64 bits, double of the amount of bits float can store. Double is more precise and for storing large numbers, we prefer double float. for instance , to store the annual salary of the CEO of a corporation , double are going to be a more accurate choice.

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7 0
2 years ago
Bidder conferences are used to:
Zarrin [17]

Answer:

A. Answer questions about the project prior to submittal of proposals

Explanation:

A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.

4 0
3 years ago
Trell Corporation transferred $58,000 of accounts receivable to a local bank. The transfer was made without recourse. The local
r-ruslan [8.4K]

Answer:

Trell will show an amount receivable from factor equal to 20, 010 dollars.

Explanation:

NON recourse factoring is when a company sells it's invoices to a factor, without the promise that the company will buy back any uncollected invoices. The factor does not take the risk of any uncollected invoices.

So in this factoring arrangement no allowance for bad debt exist

Company Receivable before factoring = $ 58000

Amount received= 58000*60 %              = $ 34800

Amount remaining= 58000*40%              =$ 23200

Amount Receivable from factor= 23200-(58000*1%)' - (34800/2*15%)''

                                                     =20, 010 dollars

'Factor fee

" Interest to be charged by factor on 60% lended

4 0
3 years ago
Find the velocity and position vectors of a particle that has the given acceleration and the given initial velocity and position
Murljashka [212]

Answer:

v(t) = (2t + 1)i + 3t²j + 4t³k

r(t) = (t² + t)i + (t³ + 7)j + (t⁴ - 4)k

Explanation:

a(t) = 2i + 6tj + 12t²k

v(t) = ∫a(t)dt

     = ∫(2i + 6tj + 12t²k)dt

     = 2ti + (6t²/2)j + (12t³/3)k + c

     = 2ti + 3t²j + 4t³k + c

v(0) = i

    i = 0i + 0j + 0k + c

    c = i

∴ v(t) = 2ti + 3t²j + 4t³k + i

v(t) = (2t + 1)i + 3t²j + 4t³k

r(t) = ∫ v(t)dt

    = i ∫ (2t + 1)dt + 3j ∫ t²dt + 4k ∫ t³dt

    = i (2t²/2 + t) + 3j(t³/3) + 4k(t⁴/4) + d

    = i (t² + t) + jt³ + t⁴k + d

r(0) = 7j - 4k

0i + 0j + 0k + d = 7j - 4k

d = 7j - 4k

∴ r(t) = (t² + t)i + t³j + t⁴k + 7j - 4k

r(t) = (t² + t)i + (t³ + 7)j + (t⁴ - 4)k

8 0
3 years ago
On July 1, 2019, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July.
rodikova [14]

Answer:

1.

Cash + Supplies = Accounts Payable + Pat Glen Capital - drawings + sales commission - Salaries Expense - Rent expense - automobile expense - supplies expense - misc expense

$25,000 + $1,850 = $1,850 - $1,200 + $25,000 - $4,000 + $41,500 - $5,000 - $3,600 - $3,050 - $900 - $1,600  

Explanation:

Income Statement :

Sales Commission $41,500

Rent expense $3,050

Misc Expense $1,600

Supplies expense $900

Salaries Expense $5,000

automobile expense $3,600

Expense Total $14,150

Net income $27,350

6 0
3 years ago
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