Question: Please answer this question quick (will like up :)) A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset

Please answer this question quick (will like up :))

A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,979 representing a gain of $3,156. The value in the operating activities section regarding this event would be $(3156) $21.979 $18.823 $25,135

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Please help me with my final exam. It is multiplechoice and due Monday. Question 1 The term "receivables" refers to cash to be paid to creditors. merchandise to be collected from individuals or...

I am really struggling with the statement of Cash Flows. Can you help me with any of these please? 1) The information in the following table is from the statement of cash flows for a company at four...

Could you please assist me with this accounting assignment. Accounting is a struggle for me. 1. The term "receivables" refers to o o o o amounts due from individuals or companies. merchandise to be...

Can you please help me with these question from university of phoenix week 5 ACC 291? 16. The chief accounting officer in a company is known as the opresident. ocontroller. otreasurer....

Please answer this question quick (will like up :)) The net income reported on the income statement for the current year was $290,887. Depreciation recorded on fixed assets and amortization of...

solve all these SECTION A (40 Marks) Answer all the Multiple-Choice Questions in this section 1. Which of the following is not a characteristic of an entity's cash equivalents, as defined by...

11. Any method of accounting under which revenues and expenses are measured separately from the receipt and expenditure of cash is known as: ( ) a. cash accounting b. creative accounting c. accrual...

Please zoom in the photos then it will show clearly QUESTION 3 Required: The following information has been extracted from the financial records of Nocturnes Ltd: (Reconstruct all the general ledger...

Please use tables provided, will UPVOTE answer. QUESTION 3 The following information has been extracted from the financial records of Nocturnes Ltd: Cash Accounts receivable Allowance for DD...

please fill out the form The following information has been extracted from the financial records of Nocturnes Ltd: Cash Accounts receivable Allowance for DD Inventory Plant and equipment - at cost...

Consider the following forecasts for a project (in thousands): Year 1 55,000 55,000 27,000 27,000 28,000 5,000 7,000 Revenues - Cost of goods sold Gross profit - General, sales, and administrative...

The due process system of the FASB encourages public input into the standard-setting process. It invites written comments, holds public hearings, and often changes proposed standards in response to...

The primary foundation for a special needs family will be to maintain eligibility for Medicaid. Group of answer choices True False

N ULL. ROA target and for the last three years, it managed to maintain the top position among the divisions in terms of achieving the target, CASE 9-1. The Company was conservatively capitalized with...