Correct answer me Question: 5A building with a book value of $49,315 is sold for $53,135 cash. Using the indirect method, this transactionshould be shown on the statement of cash flows as an increase of:a. $53,135 from investing activities and a deduction from net income of $3,820b. $53,135 from investing activitiesc. $49,315 from investing activitiesd. $49,315 from investing activities and an addition to a net income of $3,820

Explanation of Book Value: Book value is the recorded value of an asset on the balance sheet,…

Answered: Question: 5 A building with a book…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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Question Content Area If a gain of $5,236 is realized in selling (for cash) office equipment having a book value of $63,923, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a.$69,159 b.$58,687 c.$63,923 d.$5,236
If a gain of $8,520 is realized in selling (for cash) office equipment having a book value of $52,917, the total amount reported in the Cash flows from investing activities section of the statement of cash flows is a.$52,917 b.$44,397 c.$61,437 d.$8,520
O On the Statement of Cash Flows a $5,000 gain on the sale of investements would be: Multiple Choice an addition to the Investing section a deduction from the Operating section a deduction from the Investing section an addition to the Financing section
If a gain of $8,652 is realized in selling (for cash) office equipment having a book value of $50,620, the total amount reported in the investing activities section of the statement of cash flows is a.$41,968 b.$59,272 c.$8,652 d.$50,620
Match the accounts with the appropriate section of the cash flow statement. Question 9 options: 12345 operating activities 12345 investing activities 12345 investing actvitities 12345 financing activities 12345 operating activities 1. Short-term loan 2. Building 3. Equipment 4. Mortgage 5. Profit for the year
Please help me with show all calculation thanku
Hh2. Account
If a gain of RO 20,.000 is made in relation to selling (for cash) office equipment having a book value of RO Bo.000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one O a RO 60,00o. O b RO20,0o0. c RO 100,000. O d RO 80.0o00.
PARNELL COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues and gains: Sales $890 11 $901 Gain on sale of building Expenses and loss: Cost of goods sold Salaries $ 345 129 53 Insurance 132 Depreciation Interest expense Loss on sale of equipment 59 13 731 170 Income before tax 85 Income tax expense $ 85 Net income PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year Change $ 61 2021 2020 Cash 152 91 Accounts receivable Inventory 342 207 135 312 57 228 120 78 181 (131) (49) 120 36 17 (37) 443 Prepaid insurance Accounts payable Salaries payable Deferred tax liability Bond discount 106 108 84 61 218
Use the following information and the indirect method to calculate the net cash provided or used by operating activitie $ 85,700 12,400 7,900 2,450 6,550 Net income Depreciation expense Gain on sale of land Increase in merchandise inventory Increase in accounts payable ↑ Multiple Choice VLC #m 3 E $94,300. d 54 L f O % 5 * 00 8 j 11 9 k X O
Oo.83. Subject :- Account .

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