Using the direct method

Assignment Help Accounting Basics
Reference no: EM13682018

A building with a book value of $54,000 is sold for $63,000 cash. Using the direct method, how should the transaction be shown on the statement of cash flows?

Reference no: EM13682018

Questions Cloud

Accounting for revenue on an accrual basis means : 1. Accounting for revenue on an accrual basis means that no entry of revenue is made until the cash is actually received.
Determine the muzzle speed of the pellet : A spring in a toy gun has a spring constant of 9.05 N/m and can be compressed 16 centimeter beyond the equilibrium position. Determine the muzzle speed of the pellet
Evaluate what the amplitude of the motion : The position of a 0.30 kilogram object attached to a spring is described by the following equation: x = (0.23 m)cos(0.4t), Evaluate what the amplitude of the motion
Show attributes and include relationship and connectivity : Show all attributes and include relationship and connectivity. Convert all M:N relationships into entities. You are to use Crow's Foot notation showing all attributes for each entity and naming each relationship. Do not show M:N relationship, convert..
Using the direct method : A building with a book value of $54,000 is sold for $63,000 cash. Using the direct method, how should the transaction be shown on the statement of cash flows?
Determine the largest resultant amplitude that can occur : A wave of amplitude 0.25 meter interferes with a second wave of amplitude 0.13 meter traveling in the similar direction. Determine the largest resultant amplitude that can occur
Find the amplitude at a point on the string : A series of pulses of amplitude 0.22 meter is sent down a string that is attached to a post at one end. Find the amplitude at a point on the string where two pulses are crossing, if the string is rigidly attached to the post
Determine with what frequency do the waves hit the boat : Ocean waves are traveling to the east at 4.9 meter per second with a distance of 21 meter between crests. Find with what frequency do the waves hit the front of a boat when the boat is moving westward at 1.2 m/s
Find how many complete oscillations does it make : A simple 1 meter long pendulum oscillates at a location where g = 9.80 m/s2. Find how many complete oscillations does it make in 4 minute

Reviews

Write a Review

Accounting Basics Questions & Answers

  Brewer company is considering purchasing a machine that

brewer company is considering purchasing a machine that would cost 451260 and have a useful life of 6 years. the

  Journalize the adjusting entry on december

Journalize the adjusting entry on December 31 for the impaired goodwill. b. Journalize the adjusting entry on December 31 for the amortization of the patent rights.

  Amortizing a net loss for pensions

Amortizing a net loss for pensions will: A) increase retained earning and increase accumulated other comprehensive income B) decrease retained earning and decrease accumulated other comprehensive income

  When inventories are valued at a lower of costs or market

when inventories are valued at a lower of costs or market it would result in the allowance of a deduction for the

  Steps of accounting cycle

Can you please describe to me in detail the steps of the accounting cycle? please include references searched the solution library and need new information.

  Discuss the advantages of each method

Expensing the costs of sample display houses in the periods in which the expenditure is made and spreading the costs over more than one period. Discuss the advantages of each method.

  Expected unit sales in 2012 were 1200000 and 2012 total

four flags is a retail department store. on january 1 2012 four flags accountants used the following data to develop

  Shulas 347 grill has budgeted the following costs for a

shulas 347 grill has budgeted the following costs for a month in which 1600 steak dinners will be produced and sold

  Determine the predetermined operating room

Determine the predetermined operating room overhead rate for the year. Gretchen Kelton had a 6-hour procedure on November 10. How much operating room overhead would be charged to her procedure, using the rate determined in part (a)?

  Grant desires a 10 rate of return on its investments

grant leasing company agrees to lease machinery to jackson corporation on january 1 2013. the following information

  Various types of accounting changes can affect the

various types of accounting changes can affect the financial statements of a business enterprise differently. assume

  Presented below are three independent situations 1 wakarusa

presented below are three independent situations. 1. wakarusa corporation retired 126000 face value 14 bonds on june 30

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