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likoan [24]
3 years ago
8

Additional Information: Net income for 2020 was $26,890. Land was sold for cash at a loss of $2,000. Cash dividends were paid du

ring the year. Equipment was purchased for cash. In addition, equipment costing $40,000 with a book value of $13,000 was sold for $14,000 cash. What is the cash flow from operating activities? Group of answer choices $85,290 $86,290 $108,290 $84,290
Business
1 answer:
slega [8]3 years ago
5 0

Answer:

The question is wrong ,find attached correct question:

The correct option in the attached is $58290 ,option E,which is missing in the original question

Explanation:

Cash flow from operating activities=net income+depreciation charge-increase in accounts receivable+decrease in inventory+decrease in prepaid expenses-decrease in accounts payable+loss on sale of land-gain on sale of equipment

cash flow from operating activities=$26,890+($135,000-$92,000)-($77,000-$64,000)+($140,000-$132,000)+($16,540-$12,140)-($45,000-$33,000)+$2000-$1000=$58290

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Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven
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Answer:

Variable cost per unit= $1.16 per mile

Explanation:

Giving the following information:

January 16,200 $22,650

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<u>To calculate the variable cost per mile under the high-low method, we need to use the following formula:</u>

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Variable cost per unit= (25,450 - 21,850) / (18,400 - 15,300)

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3 years ago
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7 0
2 years ago
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The indication for where the fact came from is called citation
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Answer:

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Explanation:

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