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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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Answer:

1.  7.2

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Explanation:

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An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there i
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B. upward movement along the supply curve.

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What is the income threshold for self-employed workers to file a tax return.
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In 2014, Elbert Corporation had net cash provided by operating activities of 531,000; net cash used by investing activities of 9
guapka [62]

Answer:

December 31 2014, cash = $486,000

Explanation:

To solve this, we will classify the particulars as either income or expenditure,and find the difference. This is shown below:

Particulars                          income($)                 expenditure($)

operating activities            531,000                     -

investing activities             -                                  963,000

financing activities             585,000                    -

January 1 cash balance     333,000                     -

Total                                   1,449,000                  963,000

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