Kabir Limited sold a building at a profit. How this transaction be treated in the companys cash
Question:
Kabir Limited sold a building at a profit. How this transaction be treated in the company’s cash flow statement?
Transcribed Image Text:
A B C Proceeds of Sale Cash inflow under financing activities Cash inflow under investing activities Cash inflow under investing activities Profit on Sale Added to profit in calculating cash flow from operating activities Deducted from profit in calculating cash flow from operating activities Added to profit in calculating cash flow from operting activities
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
B Proc...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted:
Students also viewed these Business questions
-
(a) IAS 36, Impairment of Assets, was published in June 1998. Its primary objective is to ensure that an asset is not carried on the balance sheet at a value that is greater than its recoverable...
-
The GFA Company, originally established 16 years ago to make football, is now a leading producer of tennis balls, baseballs, footballs, and golf balls. Nine years ago, the company introduced High...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Repeat Prob. 37 using singularity functions exclusively (including reactions). Repeat Prob. 37, For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment...
-
The following is a portion of the January 31, 2009 and 2008, balance sheets ofMacy's, Inc.: Macy's debt to equity ratio for the year ended January 31, 2009 was 3.8, calculated as $17,499 $4,646....
-
Discuss intestate succession and the administration of decedents estates.
-
What are corporate minutes? Why are they important to an auditor?
-
Purchase of Computer with Zero-Interest-Bearing Debt Napoleon Corporation purchased a computer on December 31, 2009, for $130,000, paying $30,000 down and agreeing to pay the balance in five equal...
-
L. G. - "I can apply the laws of logs to simplify and/or evaluate logarithmic expressions." Properties of Logs i) log, 1 = 0 ii) log a* = x iii) a 10%.* = X Proofs: Product Law Exponents: atxa = atty...
-
Usha Limited had the following condensed Trial Balance as at 31.3.2015: During 2015-16, the following transactions took place: (i) A tract of land was purchased for 7,750 cash. (ii) Bonds payable in...
-
Which of the following items could appear in a companys cash flow statement ? 1. Surplus on revaluation of fixed assets. 2. Proceeds from issue of debentures. 3. Proposed dividend. 4. Bad debts...
-
Norfolk Southern Corporation, one of the nation's premier transportation companies, reported the following amounts in the asset section of its balance sheets for the years ended December 31, 2015 and...
-
2 Company produces product cheese and butter jointly. During October production data as follows: 3 Cheese Butter 4 Gallons at the splitt off point 100,000 150,000 5 October production of final...
-
What would be the carried interest (at 20%) on a private equity portfolio with an initial value of $500 million that was subsequently liquidated for $750 million? $50 million $100 million $150...
-
Given the following Income Statement Information: Consolidated Income Statement - USD ($) $ in Thousands Net Sales Revenue: $14,860 Operating Income: $3,623 Interest Expense: $ 239 Income Taxes: $...
-
Principals of finance 1) Describe some potential problems (caveats) that are associated with financial statement analysis? 2) Explain the most important ingredient (factors) in financial statement...
-
A bond pays a coupon of $21 two times each year and matures in 19 years. The yield is 3.93%. How much is it worth today? Answer:
-
Hydrogen bromide dissociates into its gaseous elements, H2 and Br2, at elevated temperatures. Calculate the percent dissociation at 375oC and 1.00 atm. What would be the percent dissociation at 375oC...
-
Write a paper about medication error system 2016.
-
Doug receives a duplex as a gift from his uncle. The uncles basis for the duplex and land is $90,000. At the time of the gift, the land and building have FMVs of $40,000 and $80,000, respectively. No...
-
During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV. The taxable gift was...
-
Bud received 200 shares of Georgia Corporation stock from his uncle as a gift on July 20, 2016, when the stock had a $45,000 FMV. His uncle paid $30,000 for the stock on April 12, 2001. The taxable...
-
Calculate Return on Equity (ROE): Requirements: Using the following figures: Net Income: $110,000 Average Equity: $700,000 Compute the return on equity (ROE). Express ROE as a percentage. Provide the...
-
Consider the following data for Tesla: Selling price per unit: $40,000 Variable cost per unit: $25,000 Fixed costs: $500,000 i) Calculate the contribution margin per unit. ii) Determine the...
-
Seaside issues a bond that has a stated interest rate of 9 % , face amount of $ 5 0 , 0 0 0 , and is due in 5 years. Interest payments are made semiannually. The market rate for this type of bond is...
Study smarter with the SolutionInn App