Determining section of statement of cash flows

Assignment Help Accounting Basics
Reference no: EM13142409

If a gain of $7,000 is incurred in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

Reference no: EM13142409

Questions Cloud

Find probability that all defective products can be reworked : Twenty defective products are found after a long working day. What is the probability that all the defective products can be reworked?
Interest in a sporting goods store : Leigh, who owns a 50% interest in a sporting goods store, was a material participant in the activity for the last fifteen years. She retired from the sporting goods store at the end of last year and will not participate in the activity in the futu..
What are the ethical issues in this case if any : What are the ethical issues in this case, if any? Would you have any concerns if you worked for the accounting department? Can the system be improved? If so, how?
How many grams of methane gas (ch4) need to be combusted : How many grams of methane gas (CH4) need to be combusted to produce 18.2 L water vapor at 1.2 atm and 275 K?  CH4 (g) + 2 O2 (g)-> CO2 (g) + 2 H2O (g)
Determining section of statement of cash flows : If a gain of $7,000 is incurred in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
Which description of reinforcement is correct : Which description of reinforcement is correct? A. Reinforcement is natural selection against interbreeding and production of hybrid offspring. B.Reinforcement is the genetic divergence of populations in different environments.
Systematic influences : Systematic influences on personality development by cultural factors such as urban living
Prepare a schedule of cost of goods manufactured for company : Prepare a schedule of cost of goods manufactured for the company for the month
What differences in the antibodies : What differences in the antibodies produced following immunization with the inactivated virus contained int he " Flu Shot" vs. the attenuated virus contained in the " flu mist" vaccines do you expect? Which would you recommend for individuals who ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Computing regular corporate tax and corporate amt

What is Gigantic Corporation's net tax liability if its taxable income is $325,000 and it has a general business credit of $125,000?

  Determining the amount of interest

Heritage company receives a 4-year, $20,000 note receivable on July 1, 2010 that does not bear interest. Interest on similar notes is 10%. Assuming that the present value of the note is $14,000 on July 1, 2010, the amount of interest that will be ..

  Why is preferred stock less risky

Why is Preferred Stock less risky? I would think that since they take precedence over the Common Stock holders that they would hold the same or more risk?

  Accounting firm reimbursement

Would the answers to Part a change if the accounting firm reimburses Roberta for these expenses?

  Activity-based costing approach

Using the activity-based costing approach, determine the overhead cost per unit for each product.  Prepare a Schedule of Expected Cash Collections for November and December.    Prepare a Merchandise Purchases Budget for November and December.

  Compute earth company s total overhead varianc

Computation of total overhead rate and total overhead variance Earth Company expects to operate at 80% of its productive capacity of 25,000 units per month. At this planned level, the company expects to use 40,000 standard hours of direct labor.

  What should your company record as a gain from the sale

assume your company just sold a mainframe computer. The computer originally cost $300,000 and had accumulated depreciation of $100,000 on the date of the sale. Instead of the buyer paying cash, she gave you a $400,000 noninterest-bearing note due ..

  Objective questions

When confirming accounts payable, emphasis should be put on what kind of accounts?  Which of the following situations indicates a potential material weakness in internal control over acquisition and expenditure?

  Standard by using traditional costing

Overhead applied to Standard using traditional costing using direct labor hours is

  Present value-an important concept for management

Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?

  First fiscal period of the combination

which one of the following accounts would not appear on the consolidated financial statements at the end of the first fiscal period of the combination?

  Data analysis and trends

This is the data table about my city that I live in 1990 and 2000 and difference 1990 2000 Difference-What information from this table do you find to be most interesting? Give 2 to 4 sentences of explanation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd