10 A machine with a cost of $141,000 and accumulated depreciation of $96,000 is
ID: 2581350 • Letter: 1
Question
10 A machine with a cost of $141,000 and accumulated depreciation of $96,000 is sold for $55,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is O $45,000 O Zero. This is a financing activity. O Zero. This is an operating activity. O $10,500 $55.500. A company reported that its bonds with a par value of $50,000 and a carrying value of $62,000 are retired for $66,000 cash, resulting in a loss of $4,000. The amount to be reported under cash flows from financing activities is $(66,000). o $(4,000). O $(12.000 $12.000. o $(62,000). 12 Bagrov Corporation had a net decrease in cash of $14,000 for the current year. Net cash used in investing activities was $56,000 and net cash used in financing activities was $42.000. What amount of cash was provided (used) in operating activities? 0 $(84,000) used. $112,000 provided. o $(112,000) used. 0 $(14,000) used. $84,000 provided.Explanation / Answer
10) Statement of cash flow investing activities sources of cash represents sale value of equipment.so in this question sale value of equipment is $55500
so answer is e) $55500
11) IF bonds retire amount is different from carrying value of bonds then cash outflow is the retire amount so in this question cash flow from financing activities is (66000)
so answer is a) (66000)
12)cash flow from operating activities = Net cash flow-(cash flow from financing activity+cash flow from investing )
= (14000)-(56000+42000)
Cash flow from operating activity = $84000
so answer is e) $84000 provided
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.