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Elena-2011 [213]
2 years ago
14

In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated deprecia

tion as of the date of sale was $60,000. BayKing also purchased held−to−maturity securities for $7,000. Net income for the year was $76,000. There were no other transactions conducted during the period. What are the 2019 net operating cash flows for BayKing under the indirect method
Business
1 answer:
miv72 [106K]2 years ago
7 0

Answer:

$73,000

Explanation:

Equipment net book value (NBV) = $80,000 - $60,000 = $20,000

Loss on sale of equipment = NBV - Sales proceed = $20,000 - $17,000 = $3,000

Net operating cash flows for 2019 = Net income - Loss on sale of equipment = $76,000 - $3,000 = $73,000

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LUCKY_DIMON [66]

Answer:

$3,000

Explanation:

Given that,

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Total number of months for which subscription is received = 12 months

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Deferred revenue is for the three months.

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3 years ago
Stealing avocados, or almost any other agricultural product, is a felony in California if the product is worth more than $100. S
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5 0
3 years ago
What can be a benefit of using interviews to select employees to hire?
AlexFokin [52]

Answer:

B. Accurate prediction of honesty

Explanation:

Interviews are one of the most effective tools that human resource managers use to  determine if a candidate is a match or not for a specific job. Flexibility is the key word here.  That allows both the candidate and the interviewer, the possibility of understanding what are  the skills needed for a certain job and if the candidate possesses them. When someone  answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's  ideas, expectations and capabilities.  E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.

6 0
2 years ago
Read 2 more answers
Suppose you owned a portfolio consisting of $250,000 of long-term U.S. government bonds. Would your portfolio be riskless? Expla
hammer [34]

Answer and Explanation:

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6 0
3 years ago
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Cloud [144]

Answer:

Regarding to Claim to income, the correct answer would be C-Bottom

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3 0
2 years ago
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