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4 years ago

Financial statements of Rukavina Corporation follow:

Business

1 answer:

Xelga [282]4 years ago

4 0

Answer: ($26)

Explanation:

Investing Activities in the Indirect method of the Cashflow statement include transactions regarding the purchase or sale of Fixed Assets and other company stocks and bonds.

In the statement above, we notice that the company has no investments outside the company as it owns no stocks or bonds.

The relevant account then would be the, Property, plant, and equipment.

The Property, plant, and equipment account started the year at $360 and ended at $386. This shows that there was an increase in the account and seeing as there was no disposal, this was probably due to an Acquisition.

When there is an increase that means cash was spent so the Cashflow statement reflects a Cash Outflow or money spent.

= 386 - 360

= $26

($26) was used in investing activities for the year.

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Yuki888 [10]

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3 years ago

In a $1031 like-kind exchange, Rafael exchanges a business building that originally cost $346,800. On the date of the exchange,

Andreyy89

Answer:

A. $52,020

B. $0

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Explanation:

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Using this formula

Realized gain=Fair market value -Adjusted basis

Let plug in the formula

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Using this formula

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3 years ago