Question: If a company sells a building that cost 150 000
If a company sells a building that cost $ 150,000 and that has $ 80,000 of accumulated depreciation for $ 65,000, how does the company reflect this event on the statement of cash flows? Why?
Answer to relevant QuestionsDoes the amount shown on the statement of retained earnings always equal the amount shown on the statement of cash flows for dividends? Why or why not? For the year ended December 31, 2010, Brown, Inc., reported net income of $ 125,000 on the accrual basis of accounting. Using the following information, convert the accrual- based net income to the cash basis. A. The ...Milligan had a beginning balance in Retained Earnings of $ 64,970. During the year, it generated a net income of $ 65,300. At the end of the year, the Retained Earnings account had a balance of $ 95,100. In addition, ...What is the advantage of analyzing a company’s financial statements over a series of years rather than just for the current period? Explain why dividend yield measures profitability from the shareholders’ perspective rather than the company’s perspective.
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