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Orlov [11]
3 years ago
7

If a gain of $7,610 is realized in selling (for cash) office equipment having a book value of $55,485, find the total amount rep

orted in the cash flows from investing activities section of the statement of cash flows.
Business
1 answer:
OLga [1]3 years ago
4 0

Answer:

total amount reported in the cash flow from investing activities = book value + realized gain = $55,485 + $7,610 = $63,095

Explanation:

In order for this specific gain to be reported only once in the cash flow statement, it must first be deducted from the cash flow from operating activities as an adjustment to net income.

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At the beginning of 2020, the company purchased a machine that had a cost of $300,000, an
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Well it is the toltal of the cost that will be created by it did it and got it correct
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Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This
lubasha [3.4K]

Answer:

Correct option is B

The Federal Reserve is worried about unemployment

Explanation:

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4 0
3 years ago
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. What is your maximum possible loss
pentagon [3]

Answer:

Unlimited

Explanation:

GIven that:

You short-sell 200 shares of Tuckerton Trading Co

now selling for $50 per share.

If a short-sell occurs on a trade, the lower the share price, the higher the profit your are liable to achieve but if short-sell occurs and the share price is higher, then the  more loss you're going to accumulate.

From the question, the lowest possible share price is zero and the highest possible share price is infinity since there is no stop loss.

∴

The maximum possible loss = 200 × 50( 1 - infinity share price)

= Unlimited loss

5 0
3 years ago
in creating the master budget, the second budget a company prepares is the production budget. a. True b. False
Rzqust [24]

Answer:

In creating the master budget, the second budget a company prepares is the production budget.

a. True

Explanation:

When a company prepares the master budget, it first prepares the sales budget, followed by the production budget.  The production budget calculates the costs of materials, labor, and overhead based on the number of units to be manufactured within the budget period.  The units of products are derived from the sales forecast and the planned amount of ending finished goods inventory.

5 0
3 years ago
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