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Rus_ich [418]
3 years ago
5

A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be re

ported in the operating activities section reported under the direct method is:
Business
1 answer:
adell [148]3 years ago
7 0

Answer:

Zero, because the selling of fixed asset is reported as cash inflow under investing activity.

Explanation:

Cash flow from investing activities includes all the investments in the long term assets and sale of investments or individual assets. The investment items may include Property, Plant and Equipment.

So this means that it will not be included in the Cash from Operating Activities because it is a Cash from Investing Activities.

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Explanation:

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3 years ago
A banking system with a reserve ratio of 20% and a change in reserves of $1 million can increase its total demand deposits by:A.
blondinia [14]

Answer: option B is correct

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=\:\frac{demand\:deposit}{required\:reserve\:ratio}

=\:\frac{1,000,000}{20\%}=\:\$5,000,000

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Answer:

A

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Management activities include Decision making

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john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c
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