Explain how a profit on the disposal of a non-current asset is treated in a statement of
Question:
Explain how a profit on the disposal of a non-current asset is treated in a statement of cash flows.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
A profit on the disposal of a noncurrent asset is treated in the statement of cash flows as an opera...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
The following draft financial statements are available for Sipfalor plc for the year ended 31 May 2018: Statement of financial position at 31 May 2018. Statement of profit or loss for the year to 31...
-
The gain on the disposal of equipment is deducted from profit when calculating net cash provided (used) by operating activities in the indirect method. Jacques doesn't understand why gains aren't...
-
The formula d 1.1t + t +2 expresses a car's distance (in feet to the north of an intersection, d, in terms of the number of seconds t since the car started to move. a. As the time t since the car...
-
1. Using a diagram of utility maximization, show: a. The income effect of price change b. The substitution effect of price change
-
Why must a balance sheet always balance? What are the major assets and claims on a commercial banks balance sheet?
-
Describe traditional portfolio management. Give three reasons why traditional portfolio managers like to invest in well-established companies.
-
A uniform magnetic field of magnitude \(B\) fills all space and points in the positive \(z\) direction (Figure P29.70). A circular conducting loop in the \(x y\) plane is growing larger, with its...
-
Brandon Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances(s of December 30) in their...
-
123456789 10 What is the need of MIS? What are the objectives of MRP? JIT introduced in which country? Advantages of TQM. Discuss about six sigma. Define various levels of CMM. What is mean by supply...
-
Explain how a loss on the disposal of a non-current asset is treated in a statement of cash flows.
-
Explain why depreciation is added to profit from operations when calculating cash flows.
-
Holt Developments Ltd. put an asset in service on January 1, 2021. Its cost was $270,000, its predicted service life was six years, and its expected residual value was $27,000. The company decided to...
-
Parallel would be best so when one light goes out the rest of the lights would still be on. E. What is a current? What is a voltage? What are the SI units of each?
-
discuss wind wave growth and wave propagation in coastal engineering.?
-
What is Dunham's Sports and what is their company history? What is Dunham's Sports proposed partnerships? What is Dunham's Sports' culture like and what is their mission development about? Make sure...
-
. Select one of the following types of service businesses in the Wake County Area. Examples in your EBOOK EX 17.14 Examples of Activities For Service Providers will help you get started. . PNC ARENA...
-
what are some of the main approaches to coastal engineering ( "saving the beach")
-
Refer to the earthquake depths listed in Data Set 16 in Appendix B. Begin with a lower class limit of 1.00 km and use a class width of 4.00 km. Using a very strict interpretation of the requirements...
-
Shreemaya Hotel in !adore was facing a problem of low demand for its rooms due to off season. The Managing Director (MD) of the hotel, Mrs. Sakina was very worried. She called upon the Marketing...
-
Is a well-known brand valuable only to the owner of the brand?
-
Suggest an example of a product and a competitive situation where it would not be profitable for a firm to spend large sums of money to establish a brand.
-
List five brand names and indicate what product is associated with the brand name. Evaluate the strengths and weaknesses of the brand name.
-
Water at a density of 62.4 lbm/ft and a pressure of 145 psi is flowing through a pipe at 10 ft/sec. The speed of sound in the water is 4782 ft/sec. A check valve suddenly closed. Given: Pmax Pstatic...
-
1. (10) If x is greater than or equal to zero, then assign the square root of x to the variable sqrt_x and print out the result. Otherwise, print out an error message about the argument of the square...
-
Deliverables/Requirements (Total Points: 450): Ensure that the homework solution addresses the following: a. Assumptions (10 Points) b. Free-body diagrams (20 Points) C. Statics and Dynamics...
Study smarter with the SolutionInn App