Firefly Inc sold land for $225,000 cash. The land had been purchased five years earlier for $275,000 . The loss onthe sale was reported on the income statement. On the statement of cash flows, what amount should Firefly reportas an investing activity from the sale of the land?

a. $225,000
b. $275,000
c. $50,000
d. $500,000


a

Business

You might also like to view...

Appliance America's customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. The drivers have resisted using GPS systems, claiming they know their territories. But managers are now encouraging them to look for the best solution to the increased level of customer complaints. Appliance America is in the ________ stage of Lewin's change model.

A. changing B. unfreezing C. evaluation D. learning E. refreezing

Business

Discuss the importance of audience analysis when planning the résumé

What will be an ideal response?

Business

Chase Company's new product is expected to have a sales price of $16 and variable unit price of $8 . Fixed costs are expected to be $560,000 . What is the break-even point in units?

a. 56,000 b. 70,000 c. 37,333 d. 80,000

Business

Walmart's decision to suspend its planned expansion into India's huge but fragmented retail market due to obstacles put in place by the host nation to protect its mom-and-pop retailers is an example of ________

A) tariffs B) excise duties C) quotas D) nontariff trade barriers E) exchange controls

Business