Marla Co sells equipment with a carrying value of $90,000 for $70,000. Where, and for what amounts, would this transaction appear on a statement of cash flows using the indirect method?
First, the loss on sale of $20,000 would be added back to net income within the operating activities section. Then the proceeds on the sale of $70,000 would be listed as an inflow of cash within the investing activities section.
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In active- and passive-voice sentences, the person or thing performing the action is called the __________
a. author b. action c. actor d. receiver
After building a prototype of his new device, Jacob is asked to conduct rigorous functional testing to see if the device meets performance and safety qualifications. This is part of the ____ phase of the new-product development process.
A. product design B. screening C. product development D. concept testing E. test marketing
Which is NOT an example of current liabilities?
A) Notes payable B) Accounts receivable C) Current portion of long-term debt D) Taxes payable
Consider a local coffee shop, a Starbucks store, and a retail gas station that offers fresh coffee in its convenience stores.Required:Characterize these stores according to the Porter strategy framework.
What will be an ideal response?