Question: Please answer within the hour 1a. A machine (a long-term asset) with a cost of $147,000 and accumulated depreciation of $93,500 is sold for $67,000

Please answer within the hour

1a. A machine (a long-term asset) with a cost of $147,000 and accumulated depreciation of $93,500 is sold for $67,000 cash. The amount that should be reported in the operating activities section of the statement of cash flows reported using the direct method is:

a. $26,500

b. $67,000

c. $53,500

d. $0

e. $13,500

1b. A machine (a long-term asset) with a cost of $152,000 and accumulated depreciation of $96,000 is sold for $48,800 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows using the indirect method is:

$22,500.

$71,300.

$4880.

$7200.

$17,700.

1c. A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold for $64,800 cash, resulting in a loss of $3,800. The amount to be reported on the statement of cash flows under cash flows from financing activities is:

a. $(3,800)

b. $(61,000)

c. $11,000

d. $(64,800)

e. $(11,000)

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