Determine cash flows from investing activities

Assignment Help Accounting Basics
Reference no: EM133186773

Question -

a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000.

b. Paid $89,000 cash for a new truck.

c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000.

d. Stock investments were sold for $60.800 cash, yielding a gain of $4.150.

Use the above information to determine cash flows from investing activities.

Reference no: EM133186773

Questions Cloud

Providing Financial Analysis and Calculation for All Parts : In 2021, the revenues totaled $428,600 and expenses were $181,300. Please Help by providing Financial Analysis and Calculation for All the Parts
What amount should be reported as inventory : The manufacture of items of inventory has been completed but no selling costs have yet been incurred. What amount should be reported as inventory
Calculate Margaret severance pay : Margaret is employed in Ontario by a manufacturing company whose Ontario annual payroll is $5,250,000.00. Calculate Margaret severance pay
Prepare all necessary entries until repayment of the grant : The grant has a fair value of P 500,000. Prepare all necessary entries on 2022 until the repayment of the grant
Determine cash flows from investing activities : Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Determine cash flows from investing activities
How do you define deviance-norms and values : How do you define deviance, norms, and values? Give an example of each concept. How are crime and social justice related to each of these concepts?
What will be the price of the vehicle six years later : If the price of the car falls by 2% annually due to the improvement in battery technology, what will be the price of the vehicle 6 years later
What do you think were the reasons for the fraud : What do you think were the reasons for the fraud? Investigate in depth and discuss the circumstances under which each scandal was exposed
Sociological theory to interpret connection : Choose 1 sociological theory to interpret connection between substance use issues and crime.Define crime and what it means to conform in a sociological context.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is its contribution margin

Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,680,000, what is its contribution margin?

  Define santa fe company purchased merchandise for resale

Prepare the entries that Santa Fe should record for the above transactions

  What would be the cost savings

If Quail is operating at capacity, what would be the cost savings if the transfer was made and Marlin currently is purchasing 100,000 units on the open market

  Make an inductive argument stronger

10 is less than 100; 100 is less than 1,000; consequently, 10 is less than 1,000" is an example of a Student Answer: sound deductive argument.

  Audit engagement communications

When and in what ways do audit engagement communications occur? What actions regarding audit engagement observations must the internal audit function take after the final engagement communication is disseminated?

  Problem regarding the issue price

Youngblood Inc. plans to issue $500,000 face value bonds with a stated interest rate of 8%. They will mature in ten years. Interest will be paid semiannually. At the date of issuance, assume that the market rate is (a) 8%, (b) 6%, and (c) 10%.

  Discuss the capital budgeting techniques

Management of a company could use sensitivity, scenario, break-even and simulation techniques/analysis in their corporate decision makings.

  What income is reported

If Rio Properties elects to use the carryforward provisions and not the carryback provisions, what income (loss) is reported for 2020

  Gruner also incurs 7 sales commission 048 on each disc

gruner co. produces golf discs which it normally sells to retailers for 6.92 each. the cost of manufacturing 20100 disc

  What is the maturity risk premium on the treasury security

Question - Determinants of Interest Rate for Individual Securities. What is the maturity risk premium on the 6-year Treasury security

  Discuss who might claim the tax credits

Discuss who might claim the tax credits and how this will impact the employee's tax situation. The TD1 form is used by employees to claim federal personal

  Define financial income and tax income

the differences between financial income and tax income, schedule M-2,

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