Use the following information to determine this companys cash flows from investing activities. a. Sold land costing
Question:
a. Sold land costing $315,000 for $400,000 cash, yielding a gain of $15,000.
b. Paid $106,000 cash for a new truck.
c. Equipment with a book value of $80,500 and an original cost of $165,000 was sold at a loss of $34,000.
d. Long-term investments in stock were sold for $94,700 cash, yielding a gain of $15,750.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Cash flows from investing activities Cash received from the sale of eq...View the full answer
Answered By
Muqadas Javed
I am a mentor by profession since seven years. I have been teaching on online forums and in universities. Teaching is my passion therefore i always try to find simple solution for complicated problems or task grasp them so that students can easily grasp them.I will provide you very detailed and self explanatory answers and that will help you to get good grade. I have two slogans: quality solution and on time delivery.
4.60+
24+ Reviews
144+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Managerial Accounting questions
-
Use the following information to determine this companys cash flows from operating activities using the indirectmethod. LING COMPANY Income Statement For Year Ended December 31, 2011 LING COMPANY...
-
Use the following information to determine this companys cash flows from operating activities using the indirectmethod. MOSS COMPANY Income Statement For Year Ended December 31,2013 MOSS COMPANY...
-
Use the following information to compute return on sales. Earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.67 Cost of goods sold . . . . . . . . . ....
-
In MySQL, Useing ClassicModels database below, how do I script it to display ProductLine total_sales by region like this; a. Region-1 i. Productline-1 ---- Total Sales ii. Productline-2 ---- Total...
-
An inventor has devised a complicated non-flow process in which I mol of air is the working fluid. The net effects of the process are claimed lo be; A change in state of the air from 250oC and 3 bar...
-
For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: For the year ending December 31, 20Y9,...
-
Give an explicit solution for the mean-reverting rnstein-Uhlenbeck SDE \[d X_{t}=\alpha\left(\mu-X_{t} ight) d t+\sigma d B_{t}\] with \(X_{0}=x\).
-
Here are simplified financial statements for Watervan Corporation: The company's cost of capital is 8.5%. a. Calculate Watervan's economic value added (EVA). b. What is the company's return on...
-
Figure 1 of 1 EXECUTE Part E Write the equation for the x-coordinate of the ball as a function of time t. Express your answer in terms of the variables vo, 0, 0, t, and the acceleration due to...
-
The NCAA is making plans for distributing tickets to the upcoming regional basketball championships. Up to 10,000 available seats will be divided between the media, the competing universities, and...
-
Refer to the information about Bekham Company in Exercise 16-6. Use the direct method to prepare only the cash provided or used by operating activities section of the statement of cash flows for...
-
Use the following information to determine this companys cash flows from financing activities. a. Net income was $472,000. b. Issued common stock for $75,000 cash. c. Paid cash dividend of $13,000....
-
What are the advantages to a company of selling stock in an SEO using a cash offer? What are the advantages of a rights offer?
-
The TV networks in the late 1940s, Microsoft in the 1990s, and Apple, most recently, have all created ecosystems of thousands of dependent fi rms, while raising a strong barrier to competition, which...
-
Market price may not reach equilibrium if there are ______. a) both price ceilings and price floors b) neither price ceilings nor price floors c) only price ceilings d) only price fl oors
-
Which statement is true? a) A change in demand is the same thing as a change in the quantity demanded. b) The supply curve moves upward to the left. c) The law of demand is no longer valid. d) A rise...
-
Greece's usage of fiscal policy to avoid the meltdown and the debt crisis As a result of the combined effects of the global financial crisis and the sovereign debt crisis, the GDP of Greece declined...
-
Give an example of a bank balance sheet with a leverage ratio of 20. If the value of the banks assets rises by 2 percent, what happens to the value of the owners equity in this bank? How large a...
-
Explain why ethanol dissolves freely in water, whereas its isomer, dimethyl ether, is only slightly soluble in water.
-
A company pledges their receivables so they may Multiple Choice Charge a factoring fee. Increase sales. Recognize a sale. Collect a pledge fee. Borrow money. Failure by a promissory notes' maker to...
-
What is true about the output of the following code? A. It is negative because ints has fewer elements. B. It is 0 because the arrays cant be compared. C. It is positive because the first element is...
-
An entrepreneur commented that a bank reconciliation may not be necessary as she regularly reviews her online bank statement for any unusual items and errors. a. Describe how a bank reconciliation...
-
What internal control procedures would you recommend in each of the following situations? 1. A concession company has one employee who sells towels, coolers, and sunglasses at the beach. Each day,...
-
Good accounting systems help with the management and control of cash and cash equivalents. 1. Define and contrast the terms liquid asset and cash equivalent. 2. Why would companies invest their idle...
-
On January 2, 20Y4, Whitworth Company acquired 33% of the outstanding stock of Aloof Company for $330,000. For the year ended December 31, 20Y4, Aloof Company earned income of $86,000 and paid...
-
2 If tan 08, sin 0 <0, find the exact value of each of the following for 00 <2x (a) sin (20) 0 (b) cos (20) (c) sin 2 (d) cos 2 (a) sin (20)= (Type an exact answer, using radicals as needed.) (b) cos...
-
Suppose you invest 52%, 28%, and 20% of your wealth into a stock, the market, and a risk-free asset, respectively. The beta of the stock is 1.1. What is the beta of the portfolio?
Study smarter with the SolutionInn App