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marishachu [46]
3 years ago
6

Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this

activity will be reported under cash flows from _____ activities.
Business
1 answer:
natima [27]3 years ago
6 0

Answer:

Cash flow from financing activities

Explanation:

There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.

Cash flow statement shows the sources of cash coming into and going out of an organisation.

The major sources are operations, financing, and investing activities.

Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.

In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.

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Marshall-Miller & Company is considering the purchase of a new machine for $50,000, installed. The machine has a tax life of
vlabodo [156]

Answer:

$10,620

Explanation:

Depreciation for Year 1 = 0.202 × $50,000

                                       = $10,100

Depreciation for Year 2 = 0.323 × $50,000

                                       = $16,150

Depreciation for Year 3 = 0.194 × $50,000

                                       = $9,700

Depreciation for Year 4 = 0.125 × $50,000

                                       = $6,250

Accumulated depreciation = $10,100 + $16,150 + $9,700 + $6,250

                                             = $42,200

Book value of machine as on date of sale:

= Purchase price - Accumulated depreciation

= $50,000 - $42,200

= $7,800

Selling price = $12,500

Gain on sale of machine = $12,500 - $7,800

                                         = $4,700

Tax rate = 40%

Tax on capital gain = $4,700 × 0.40

                                = $1,880

Net proceeds on sale of machine:

= Selling price – Tax paid on capital gain

= $12,500 - $1,880

= $10,620

8 0
3 years ago
Flyaway Travel Company reported net income for 2021 in the amount of $110,000. During 2021, Flyaway declared and paid $4,125 in
Lena [83]

Answer:

See below

Explanation:

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Lesechka [4]

Answer:

it a person that is in line to be the nexted manger

Explanation:

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A Bathtub model of the start of the Great Depression would show the water level becoming lower with Investment inflow being less
Aneli [31]

Answer:

LESSER THAN

Explanation:

During the Great Depression, it was a period of recession that meant that investments were low and less than savings which meant that 'household' was unwilling to invest its money as it had lost confidence in the American economy. This will lead to Aggregate Demand being Lesser than Aggregate Supply as consumption fell drastically during the great depression

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3 years ago
The incentive problem under communist central planning refers to the idea that:
belka [17]

Answer and Explanation:

B. workers, managers, and entrepreneurs could not personally gain by responding to shortages or surpluses or by introducing new and improved products.

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