JBS Inc. recently reported a net income of $4,750 and depreciation of $885. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets?
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- JBS Inc. recently reported net income of $4,650 and depreciation of $855. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets? Group of answer choices $5,786.75 $5,223.25 $5,505.00 $4,955.59 $4,701.31Give me answer pleaseExtracts from Tom Ltd's Statement of financial positions are given below: At year- end At beginning of year £'000 £'000 Non-current assets 295 240 Accumulated depreciation 150 105 Net book value 145 135 Assuming there were no disposals within the year, which of the following statements is true? Select one: OA. During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £150,000. OB. During the year, the amount spent on the purchase of non-current assets was £55,000 and the depreciation charge for the year was £150,000. OC. During the year, the amount spent on the purchase of non-current asset purchases was £55,000 and the depreciation charge for the year was £45,000. OD. During the year, the amount spent on the purchase of non-current assets was £295,000 and the depreciation charge for the year was £45,000.
- Help me with solution.* Your answer is incorrect. Bramble Company owns equipment that cost $1,026,000 and has accumulated depreciation of $433,200. The expected future net cash flows from the use of the asset are expected to be $620,000. The fair value of the equipment is $456,000. Prepare the journal entry, if any, to record the impairment loss. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Account Titles and Explanation Accumulated Depreciation - Equipment Loss on Impairment eTextbook and Media List of Accounts Debit 592800 0 Credit 0 592800Ripley corporarion's accumulated depreciation - equipment account increased by 15325 while 3800 of patent amortization was recognized bewtween balance sheet dates. There were no purchases of sales of depreciation or intangible assets during the year. In addition the income statement showed a gain of 22420 from the salem of investments. Reconcile a net income of 286900 to net cash flow from operetatimg activities
- During 2023, Blue Corp. disposed of Blackberry Division, a major segment of its business. Blue realized a gain of $1510000, net of taxes, on the sale of Blackberry's assets. During 2023, Blackberry's operating losses, net of taxes, were $1807000. How should these facts be reported in Blue's income statement for 2023? Income from Continuing Operations O Total Amount to be included in O $1807000 loss 297000 loss 0 1510000 gain Results from Discontinued Operations $1510000 gain 0 297000 loss 1807000 lossCast Exercise Equipment, Inc. reported the following financial statements for 2024: (Click the icon to view the income statement.)(Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Compute the amount of Cast Exercise's acquisition of plant assets. Cast Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $43,400. No cash was received upon disposal. The acquisitions of plant assets amounts to Data table C Cast Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Net Income Depreciation Expense Other Operating Expenses Total Operating Expenses Print $ 47,000 195,000 Done $ $ - X 716,000 346,000 370,000 242,000 128,000Acme Corp. purchased Equipment for $20,000. At the end of the year, Acme recorded depreciation on the equipment for [Select] by $1,200. As a result of these transactions, net income will be [Select] If no effect, then put 'no effect on net income' for both answers.
- Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $67,000; costs = $34,500; addition to retained earnings = $8,300; dividends paid = $2,320; interest expense = $2,650; tax rate = 21 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) What is the depreciation expense?DomesticDue to an error in computing depreciation expense, Prewitt Corporation overstated accumulated depreciation by $6 million as of December 31, 2018. Prewitt has a tax rate of 30%. Prewitt's retained earnings as of December 31, 2018, would be (Round million answer to 2 decimal places.):
