A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
A. $50,000.
B. Zero. This is a financing activity.
C. Zero. This is an investing activity.
D. $45,000.
E. $5,000.
Answer: C
You might also like to view...
TDZ Manufacturing wants to change its distribution system from an indirect channel to a direct channel system. Which of the following should the company use to achieve this?
A) cash-and-carry wholesalers B) retailers C) full-function wholesalers D) traveling sales representatives E) dealers
Customers want unbundled services, with separate prices for each service element and the right to select the elements they want
Indicate whether the statement is true or false
Theories of ethical thought include consequential theories, deontological theories, and humanist theories
Indicate whether the statement is true or false
How is SDARS different from traditional radio broadcasting?
What will be an ideal response?