Question: 22. Provided below are four segments that have been identified by a company. SEGMENTS IDENTIFIED BY A COMPANY Total Revenue Segment (Unaffiliated)Profit (Loss) $ 200,000
22. Provided below are four segments that have been identified by a company. SEGMENTS IDENTIFIED BY A COMPANY Total Revenue Segment (Unaffiliated)Profit (Loss) $ 200,000 S Operating Identifiable Assets 25,000S 400,000 150,000 60,000 700,000 600,000 300,000 150,000 35,000) 4,000 3,000 Under current FASB Standards, for which of the segments would the company need to provide segment information? (a) W and X. (b) X and Y (c) W, X, and Y. (d) W, X, Y, and z. A company sold equipment that had an original cost of $100,000 and accumulated depreciation of S62,000. The proceeds from the sale were $45,000. How should this transaction appear on the company's statement of cash flows, using the indirect method? (a) An addition to net income of $7,000 and a cash inflow from investing 23. activities of $45,000. A deduction from net income of $7,000 and a cash inflow from investing activities of $45,000. A cash inflow from investing activities of $45,000 only. A deduction from net income of $7,000 and a cash inflow from investing activities of $38,000 (b) (c) (d)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
