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mafiozo [28]
4 years ago
7

A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash. The amount that should be re

ported as a source of cash under cash flows from investing activities is _____.
Business
1 answer:
Reptile [31]4 years ago
7 0

Answer:

$70,000

Explanation:

cash flows from investing activities  generally refers to money made or spent  on long-term assets the company has purchased or sold. Investing transactions generate cash  outflows, such as capital expenditures for plant, property and equipment, business acquisitions  and the purchase of investment securities. Inflows come from the sale of non- current assets such as machines and equipment, businesses and  investment securities. For investors, the most important item in this category is capital  expenditures, made to ensure the proper maintenance of, and additions to, a company's physical  assets to support its efficient operation and competitiveness.

So based on the above discussion, the amount that should be reported in cash flow from investing activities is cash inflow from purchase of machine which is "$70,000"

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3 uses of money supply
zalisa [80]

Answer:

Money serves as a medium of exchange, as a store of value, and as a unit of account.

7 0
3 years ago
Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60 comma 000 parts is
Fittoniya [83]

Answer:

$69,000

Explanation:

The computation of the operating income would be shown below:

= Buying cost - making cost

where,

Buying cost equals to

= 60,000 × $3

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And, the making cost would be

= Variable cost + fixed cost × avoid percentage

= $90,000 + $70,000 × 30%

= $90,000 + $21,000

= $111,000

Now put these values to the above formula  

So, the value would equal to

= $180,000 - $111,000

= $69,000

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3 years ago
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Explanation:

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Answer:

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Explanation:

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2 years ago
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irakobra [83]

Answer and Explanation:

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