Answer:
The answer is B. $66,000
Explanation:
What are the items under investing activities of cash flow? - Sale and purchase of long-term assets or non-current assets. Purchase is an outflow while sale is an inflow.
The book value of the sold equipment was $55,000 and gain was $11,000. Therefore the equipment was sold for:
$55,000 + $11,000
=$66,000.
So there was an inflow of $66,000.
The $11,000 gain will be shown under operating section of the cash flow.
Answer:
The answer is: $238,000
Explanation:
The City of Ruth should recognize as revenue the difference between their incurred qualifying expenditures in improving bike trails and the federal government reimbursement.
Revenue = $418,000 - $180,000 = $238,000 due from the federal government.
I’d take the first answer as it getting doubled by the number so after the 4th year you’d make $65,536 which already a better deal then the second answer
Answer:
given statement is false
Explanation:
given data
rent expense = $24,000
operating departments, A = 10,000 square feet
operating departments, B = 20,000 square feet
operating departments, C = 30,000 square feet
cost allocation rate = $0.80 per square foot
solution
rent expense will be here as
rent expense = 
rent expense = $0.40 per square foot
and
rent expense allocated to department C is = 30000 × $0.40
rent expense allocated to department C = $12000
so given statement is false
