Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $82,000
Adjustment made:
Add : Depreciation expense $10,000
Less : Gain on the sale of land ($3,000)
Less: Increase in current assets -$11,000 ($78,000 - $67,000)
Less: Decrease in current liabilities -$1,000 ($43,000 - $44,000)
Total of Adjustments -$5,000
Net Cash flow from Operating activities $77,000
Answer:
Total cost of receiving 8000 parts: 2878700
Detailed solution is given in tabular form below:
Answer:
★ Farm products which are perishable and seasonal nature are supplied by many producers.
Explanation:
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Answer:
$6,000 LTCG
Explanation:
Calculation to determine the amount and character of the gain or loss that Monte recognizes
Using this formula
Recognized gain or loss =Amount realized -Basis
Let plug in the formula
Recognized gain or loss=(1,000 Shares*$54 per share)-(1,000shares*$48 per share)
Recognized gain or loss=$54,000-$48,000
Recognized gain or loss=$6,000 LTCG
Therefore the amount and character of the gain or loss that Monte recognizes is $6,000 LTCG reason been the any gain Amount on the sales of property that was inherited are often tend to be LTCG
