If a gain of $ 266000 is realized in the cash sale of a building having a

Fantastic news! We've Found the answer you've been seeking!

Question:

If a gain of $266000 is realized in the cash sale of a building having a book value of $1062000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

$796000.

$1328000.

$266000.

$1062000.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

See More Books

Posted Date: Feb 14, 2022 03:44 PM

See More Questions

The Investing Activities section of the statement of cash flows of Archer Daniels Midland Company (ADM), seller of agricultural commodities and products, follows. Based on the information given,...
The operating activities section of the statement of cash flows for PepsiCo, Inc., owner of the Pepsi beverage brand, is shown as follows: a. Why are impairment and restructuring charges added to the...
Cash flows from operating activities Cash received from customers 125000 Deduct cash payments for expenses 67500 Net cash flows from operating activities m Cash flows used in investing activities...
According to a study conducted by the Gallup organization, the proportion of Americans who are afraid to y is 0.10. A random sample of 1100 Americans results in 121 indicating that they are afraid to...
This table summarizes the status of 1,000 loans made by a bank. Each loan either ended in default or was repaid. Loans were divided into large (more than $50,000) or small size. (a) What would it...
You are having lunch at an all-you-can-eat buffet. If you are rational, what should be your marginal utility from the last morsel of food you swallow?
Explain how you would find the value of a bond futures option.
Parker Corporation reported the following related to property and equipment (all in millions): From the balance sheets: From the investing activities section of the 2018 cash flow statement: Cash...
Cullumber Company reported the following amounts for May: Raw materials purchased $257000 Beginning raw materials inventory 12300 Ending raw materials inventory 8200 Direct labor incurred 54000...
The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash $ 8,000 Accounts receivable 20,000 Inventory 36,000...
An amplifier circuit model (below) and cascade connection of two amplifiers are both shown in the figure. What is the voltage gain of this amplifier system (v/v)? Amplifier 1 parameters: R; (input...
A price ceiling will result in: a. higher returns to producers b. higher prices c. surpluses d. shortages
Input the IRS Schedules C from the 20132015 income tax returns into a spreadsheet. a. Add percent columns to the right of dollar column for each year. b. Calculate common-sized percentages in the...
A reflection diffraction grating of width $w$ has $N$ grooves and is illuminated by normally incident monochromatic light. What condition determines how many orders of constructive interference...
A helium-neon laser that has a power rating of $0.250 \mathrm{~mW}$ operates at a wavelength of $633 \mathrm{~nm}$ and a beam diameter of $2.00 \mathrm{~mm}$. Calculate $(a)$ the energy per...
Let where b b is an unknown constant. This system is (a) observable for all values of b b (b) unobservable for all values of b b (c) observable for all non-zero values of b b (d) unobservable for all...
The character wrapper class provides numerous methods for O a. adding two char variables b. testing and converting char variables O c. testing string objects O d. converting string variables
Complete the following acid-base reactions: (a) HCCH + NaH
Steve's Repair Shop began operations on January 1, 2003. After discussing the matter with his accountant, Steve decided dollar-value LIFO should be used for inventory costing. Information concerning...
Sara Lee Corporation owns the following brands: Ball Park franks, Sara Lee bakery goods, Kiwi shoe care products, Hanes and Hanes Her Way, Leggs, and about a hundred other products. Information...
Locate the 2004 financial statements for The Walt Disney Company on the Internet. Use those financial statements and consider the following questions. 1. As illustrated in Exhibit 10-10, Interbrand...
What is the change in value for this security over the four quarters recorded in the highlowclose graph?
Which of the 10 years had the most and least variability between the maximum sales of womens clothing and the minimum for mens, and what were those ranges?
What happened to the average sales figures for jewelry over the 10-year period?

If a gain of $ 266000 is realized in the cash sale of a building having a

Question:

Expert Answer:

Gain on sale building of 266000 Book va... View the full answer

Intermediate Accounting

Students also viewed these accounting questions