A company bought $400,000 of equipment with an expected life of 13 years and no residual value. After 9 years the company sold the equipment for 598,500. If the company uses straight line depreciation and the indirect method is used to determine cash flows from operating activities, which of the following reflects how the sale of the equipment would be reported in the statement of cash flows? Multiple Choice 0 $98.500 is recorded as a cash flow from investing activities and $24.577 is added to convert net income to net cash flow provided by ting activities 0 598 505 recorded as a c per acts o w from ing activities and 524 577 is subtracted to convert net income to net cash flow provided by 98.500 is recorded as a cash inflow from operating activities 0 0 598 500 de c o mm a nd other sections of the weed Proy 1 of 50 ! Next > A 4 2.00PM 7718/2019 Help Save & Exit Submit A company issues 1 million shares of common stock with a par value of $0.09 for $15.70 a share. The entry to record this transaction includes a debit to Cash for Multiple Choice O $15.700.000 and credit to Common Stock for $15.700,000 0 590.000 and credit to Common Stock for $90.000 0 $15.700.000, credit to Common Stock for $90,000, and a credit to Additional Paldin Capital for $15.610.000 0 590.000 debt to Capital Receivable for $15,610.000, a credit to Common Stock for $90,000, and a credit to Additional Paid in Capital for 575.000.000 nomowconnect.html Help Save & Exit Submit The total amount of interest that will be paid on a six month, $7.200, 11% note payable equals Multiple Choice o o o of