Answer:
The amount of net cash flow from investing activities that ion should report in its cash flow statement is $65,000.
Explanation:
A cash flow statement is one of the financial statements which will tell how changes in income statement and balance sheet accounts will affect the company's cash inflow and outflow. This statement will break down the analysis in to operating , investing and financing activities.
For taking out the net cash flow in investing activities, purchase activities are added and sale activities are subtracted and from the given information in the question , it is clear that both are purchasing activities, therefore
NET CASH FLOW FROM INVESTING = $25,000 + $40,000
= $65,000
Answer:
$40,000.
Explanation:
Given that Charco purchased a franchise from Burger Master on January 1, 2021, for $240,000
Useful life of Franchise = 6 years
Cost = $240,000
Yearly amortization expense = cost/useful life
= $240,000/6
= $40,000
The amortization expense for the year ended December 31, 2021 is $40,000. This is the yearly charge to p/l for the Franchise.
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