Question: TB MC Qu . 1 2 - 1 1 6 ( Static ) A machine with a cost... A machine with a cost of $

TB MC Qu.12-116(Static) A machine with a cost...
A machine with a cost of $130,000 and accumulated depreciation of $80,000 is sold for $50,000 cash. The cash flow amount that should be reported in the operating activities section reported under the direct method is:
Multiple Choice
$50,000.
$5,000.
$45,000.
$0.

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!

Q:

When buying property, one of the main considerations for a homebuyer is the reputation of a property developer, that is, if they follow good construction practices, offer financial security, and...

Q:

Thanks for your help, please continue to include the working and formulas this helps a bunch. 1. TB MC Qu. 02-67 During the month of April, direct labor cost total... During the month of April,...

Q:

3. Please help answer all questions! Thank you for your help! TB MC Qu. 12-53 (Algo) Payback period for the new machine: Food Harvesting Corporation Food Harvesting Corporation is considering...

Q:

TB MC Qu. 26-113 (Static) A company can buy a machine that is expected... A company can buy a machine that is expected to have a three-year life and a $30,000 salvage value. The machine will cost...

Q:

On January 6, Year 1, the Mount Jackson Corporation purchased a tract of land for a factory site for $755,000. An existing building on the site was demolished and the construction of the new factory...

Q:

TB MC Qu . 1 5 - 8 6 ?You want to sell your house . . . You want to sell your house, - and you decide to obtain an appraisal on it . ?Looking at past data, you discover that actual prices obtained...

Q:

The Graphic Palette is a firm in Charleston, South Carolina, that does graphic artwork and produces color and black-andwhite posters, lithographs, and banners. The firm's owners, Kathleen and Lindsey...

Q:

Case Problem THE GRAPHIC PALETTE The Graphic Palette is a firm in Charleston, South Carolina, that does graphic artwork and produces color and black- and-white posters, lithographs, and banners. The...

Q:

Question 1 (Continued) (b) If the new machines salvage value at the end of five years is projected to be RM50,000, appraise whether ECB should purchase the new machine by its net present value (NPV)...

Q:

Question 1 (Continued) (e) Based on the above calculations, compare between the original capital structure and the new one to justify which one seems better for EGB. (5 marks) Q1 Eco Cycle Berhad...

Q:

1) Metal Works, Inc. is contemplating the purchase of a new milling machine. The purchase price of the new machine is $60000 and its annual operating cost is $2675.67. The machine has a life of seven...

Q:

Draw the data path and control of only the two MIPS instructions mult $s1,$s2 and slt $t0,$s0,$s1? Show your work in detail. Use block diagrams.

Q:

Use the Help Window to find a display format that displays the output as a ratio of integers. For example, the number 3.125 will be displayed as 25/8. Change the display to this format and execute...

Q:

According to the internal rate of return method, a firm should accept a project if the a . internal rate of return exceeds zero. b . internal rate of return is less than the cost of capital. c ....

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...