Let's say our Company makes Slinkies and Super Scrub (a floor cleaning product). Super Scrub isn't doing
Question:
Let's say our Company makes Slinkies and Super Scrub (a floor cleaning product).
Super Scrub isn't doing so good so we sell that entire division to another company.
We record a gain from the sale on our books during the current year in the amount of $20 million.
We also received $100 million cash for the sale of the business segment.
How would the information above be shown on the Cash Flow Statement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Computation of the would the information above be shown on the Cash Flow Statement Cash flow stateme...View the full answer
Answered By
RADHIKA MEENAKAR
I am a qualified indian Company Secretary along with Masters in finance with over 6 plus years of professional experience. Apart from this i am a certified accounts and finance tutor on many online platforms.
My Linkedin profile link is here https://www.linkedin.com/in/radhika-meenakar-88b9808a/
5.00+
12+ Reviews
22+ Question Solved
Related Book For
International Business Law And Its Environment
ISBN: 9781305972599
10th Edition
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
Question Posted:
Students also viewed these Managerial Accounting questions
-
Jose Deleon Investments reported an unusual gain from the sale of certain assets in its 2004 income statement. How does intra period tax allocation affect the reporting of this unusual gain?
-
Cooper Investments reported an unusual gain from the sale of certain assets in its 2012 income statement. How does intraperiod tax allocation affect the reporting of this unusual gain?
-
El Duque Investments reported an unusual gain from the sale of certain assets in its 2008 income statement. How does intraperiod tax allocation affect the reporting of this unusual gain?
-
Air pollution officials in Californias Central Valley have opened a new front in the war against urban sprawl, and regulators and environmental advocates throughout the state are watching closely....
-
Consider the steady-state diffusion of hydrogen through the walls of a cylindrical nickel tube as described in Problem 6.D2. One design calls for a diffusion flux of 5 10-8 mol/m2-s, a tube radius...
-
Lone Star Company is a calendar - year corporation, and this year Lone Star reported $ 1 4 4 , 0 0 0 in current E&P that accrued evenly throughout the year. At the beginning of the year, Lone Star's...
-
Consider the Michaelis-Menten model introduced in Eq. (12.23). Graph the expectation function for \(\theta_{1}=100,150,200,250\) for \(\theta_{2}=0.06\). Overlay these curves on the same set of...
-
The Heese Restaurant Group supplies its franchise restaurants with many pre- manufactured ingredients (such as bags of frozen French fries), while other ingredients (such as lettuce and tomatoes) are...
-
Besides the effect on the tax rates that will apply, filing status also has an impact on the amount of the standard deduction that is allowed. A taxpayer who is unmarried or separated from their...
-
You will be reading the case, research relevant facts, perform analysis, and document your findings, analysis, and recommendation in a written report to John Davidson to assist in the decision of...
-
The following data apply to questions 1015. Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all inventories at standard. The standard manufacturing...
-
1. Use the balance sheet, income statement and additional information for Fish Inc. presented on the next page. T-accounts are also provided in a separate pdf file case you want to use them. What are...
-
Create a request for information for one portion of the project work that could be contracted out.
-
On January 1, 20X5, Pastel Colors Corporation purchased drilling equipment for $11,500. The equipment had an estimated useful life of four years and a salvage value of $500. Assuming that Pastel...
-
Long Island Rum accounts for production costs using the FIFO method of process costing. Direct materials are all added at the beginning of production and conversion costs are incurred uniformly...
-
Extra credit: Who sued the production of Straight Outta Compton for a false portrayal of him? You are going to have to look this one up.
-
Assuming the variable costs, the depreciation expense, and the rent and utilties would all remain the same, but the bonus is based on the variable cost of goods manufactured per unit decreasing by...
-
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations....
-
Does globalization result in cultural and economic homogenization (alikeness) through a heightened emphasis on consumerism, or is this an exaggeration? Explain and defend your position.
-
Continuation of Exercise 4-83. (a) What is the probability that the first major crack occurs between 12 and 15 miles of the start of inspection? (b) What is the probability that there are no major...
-
Develop an empirical equation that represents the net positive suction head required (m) as a function of capacity (m3/h) for a Bell & Gossett Series e-1531 2.5BB pump with a 9-inch impeller...
-
Flotation cost Goodbye, Inc., recently issued new securities to finance a new TV show. The project cost $10.5 million, and the company paid $750,000 in flotation costs. In addition, the equity issued...
-
Calculating the cost of Debt Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate is 34...
-
Floyd industries stock has a beta of 1.15. The company just paid a dividend of $.60, and the dividends are expected to grow at 5 percent. The expected return of the market is 11.5 percent, and...
-
8. A loan is being repaid with a series of payments at the end of each quarter for five years. If the amount of principal in the third payment is $100, find the amount of principal in the last five...
-
If you issue 1000$ of debt and pay it out as dividends, how does it impact your EV?
-
What are APR *and* APY rates of investment X that earns 0.2% per week, compounded weekly? You can invest (that is, 'lend') for one year either at the rate X described above, or, alternatively, at the...
Study smarter with the SolutionInn App