Quick answer of this accounting question Apex Technologies, Inc. had net cash from operating activities of $450,000.The company purchased new equipment for $240,000 by signing a $180,000note and paying the balance in cash. Net cash from (or used for) investingactivities for the period wasa. ($240,000)b. ($60,000)c. $60,000d. ($180,000)

Step 1: Definition of Net Cash from Investing ActivitiesNet Cash from Investing Activities…

Answered: Apex Technologies, Inc. had net cash…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Kela Corporation reports net income of $550,000 that includes depreciation expense of $77,000. Also, cash of $52,000 was borrowed on a 3-year note payable. Based on this data, total cash inflows from operating activities are: $679,000. $473,000. $627,000. $602,000.
A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under a.financing activities. b.operating activities. c.noncash investing and financing activities. d.investing activities. On the first day of the fiscal year, a company issues a $980,000, 8%, 5-year bond that pays semiannual interest of $39,200 ($980,000 × 8% × 1/2), receiving cash of $884,177. Required: Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 113 Allowance for Doubtful Accounts 114 Notes Receivable 115 Interest Receivable 121 Merchandise Inventory 122 Supplies 131 Prepaid Insurance 140 Land 151 Building 152 Accumulated Depreciation-Building 153 Equipment 154 Accumulated Depreciation-Equipment LIABILITIES 210…
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Net cash from investing activities for the period was.
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