Answer:
The cash used by investing activity is $136,000.00 as shown in the workings below.
Explanation:
The cash provided by or used by investing activities can be computed thus:
Plant sold $66,000
Investments ($55,000)
Plant assets (<u>$147,000)</u>
Cash used by investing activities ($136,000)
The cash used by investing activities is $136,000 as shown above.
The outflow of $78000 for the purchase of treasury stock relates to financing.
The inflow of $523000 for new share issue is also a financing activity.
The financing activities are transactions relating to the providers of finance, that is the shareholders and debt-holders
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Answer: $600F
Explanation:
Given the following :
standard unit price - $1.80
actual purchase price per unit - $1.65
actual quantity purchased - 4,000
units actual quantity used - 3,900
units standard quantity allowed for actual production - 3,800 units
Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased
($1.65 - $1.80) × 4000
( $0.15) × 4000
$600F (Favorable) because standard price is higher than actual price
Answer:
Othello company understated its inventory by $20,000 at December 31 2017
This error was not corrected In 2017 or 2018
Therefore as a result of this Othello stockholder equity was understated in the year 2014, December 31 and properly stated at 2015, December 31
