Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 19, 2024

a machine with a cost of $142,000 and accumulated depreciation of $91000 is sold for $62000 cash the amount that should be reported in the

a machine with a cost of $142,000 and accumulated depreciation of $91000 is sold for $62000 cash the amount that should be reported in the operating activities section reported under the direct method is:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Official Exam Practice Kit Fundamentals Of Management Accounting Cima Certificate In Business Accounting 2006 Syllabus

Authors: Walter Allan

2nd Edition

0750687177, 978-0750687171

More Books

Students also viewed these Accounting questions

Question

★★★★★

In July 2002, the SEC reviewed revenue transactions by the America Online (AOL) unit of Time Warner to determine whether the company used unconventional ad deals to increase revenue to meet...

Answered: 1 week ago

Question

★★★★★

A retail store sells a pair of shoes for $82.00, less 15%. A department store sells the same item for $99.90, less 20%. a. Which store is offering the item for a cheaper price and by how much? b....

Answered: 1 week ago

Question

★★★★★

Superior Products Co. produces a latex paint and uses the process cost system. Materials, labor, and overhead are added evenly throughout the process. The following information was obtained from the...

Answered: 1 week ago

Question

★★★★★

a machine with a cost of $142,000 and accumulated depreciation of $91000 is sold for $62000 cash the amount that should be reported in the operating activities section reported under the direct...

Answered: 1 week ago

Question

★★★★★

17 If Tom earned $1,890 in revenue from selling running shoes at last weekend's triathlon expo. Where would this accounting event be recorded? O $1,890 would be marked on the credit side of the...

Answered: 1 week ago

Question

★★★★★

An escape game requires that players solve various puzzles to obitain otjects that will aid them in escaning tri one such puzzte, players are given an arroy of integers and a set of rules to follow...

Answered: 1 week ago

Question

★★★★★

Exercise 2-7A Net income versus changes in cash LO 2-3 In Year 1, Lee Inc. billed its customers $72,000 for services performed. The company collected $55,000 of the amount billed. Lee incurred...

Answered: 1 week ago

Question

★★★★★

HELP Problem - (Algeria) schede 1, 2, 35, 3.7 Scott lututel is elfood a C. He was the chodit in social securi come la cui les coor h 41211. Ora located. ThirdCA 9300 Series or the show Income...

Answered: 1 week ago

Question

★★★★★

Marilyn purchased a $1,000 10-year Treasury note that promised to pay her 0.75% of the face value every six months for the life of the loan. Which of those numbers is the coupon rate of the note? a.)...

Answered: 1 week ago

Question

★★★★★

A survey is conducted to determine whether the age of car influences the annual maintenance cost. A sample of 10 cars is selected and the data is shown below. Age of Car (months) x Annual Maintenance...

Answered: 1 week ago

Question

★★★★★

1. The International Labour Organization. The International Labour Organization (ILO) has established labor standards for 150 countries represented by the organization. Locate the Web site for the...

Answered: 1 week ago

Question

★★★★★

9. Assess the strategy of Wal-Mart in China where the company has recognized unions in all 62 stores, to its strategy in the United States, which is to combat any type of union representation.

Answered: 1 week ago

Question

★★★★★

5. Although multinational corporations seem to be growing in size and influence, what must occur before transnational collective bargaining can be effectively carried out?

Answered: 1 week ago

Previous Question Next Question