What amount was reported on the statement of cash flows

Assignment Help Accounting Basics
Reference no: EM132557460

Question - The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Bonita Company at the end of 2022 are shown here.

Equipment

Beg. bal. 72,000

Disposals 19,800

Acquisitions 37,440

End. bal. 89,640

Accum. Depr.- Equipment

Disposals 4,590

Beg. bal. 40,050

Depr. exp. 10,800

End. bal. 46,260

In addition, Bonita Company's income statement reported a loss on the disposal of plant assets of $3,150. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?

Reference no: EM132557460

Questions Cloud

Monoclonal antibodies : Details of the antibody: what is the mechanism of action of this antibody. what kind of regulatory approval is required for this mAb product?
About microbial growth and metabolism : Discuss a Science Article about Microbial Growth and Metabolism? Be sure to create your discussion to meet all the grading criteria.
What are the key trends in the world market for enzymes : What are the key trends in the world market for enzymes - how has the enzyme market grown over the past decade?
Discusses the characteristics of life : Chapter one of almost every biology book discusses the characteristics of life. How do all organisms other than plants gain their energy?
What amount was reported on the statement of cash flows : Bonita Company's income statement reported a loss on the disposal of plant assets of $3,150. What amount was reported on the statement of cash flows
Explain on the correct recording process for the business : Explain on the correct recording process for the business. Focus on accounting cycle, how your business should record its business transactions
Educate audience on one type of diabetes : you have been tasked with developing a presentation using an engaging educational resource to educate an audience on one type of diabetes.
Make a recommendation to address the weakness : Alto Co. Ltd. is a manufacturer and seller, at the wholesale level, of fine furniture. Make a recommendation to address the weakness identified
Calculate the balance of the Retained Earnings account : The Company had a net income of $58,500 and paid dividends of about $32,000. Calculate the balance of the Retained Earnings (RE) account

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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