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A machine with a cost of $180,000 and accumulated depreciation of $110,000 is sold for $60,000 cash. The total amount related to this machine that
A machine with a cost of $180,000 and accumulated depreciation of $110,000 is sold for $60,000 cash. The total amount related to this machine that should be reported in the operating section of the statement of cash flows under the indirect method is: Multiple Choice $29,500. $10,000 $6,000 $13,500 $89.500 Saved In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment Purchase of equipment Proceeds from the sale of equipment Repayment of outstanding bonds Purchase of treasury stock Issuance of common stock Purchase of land Increase in accounts receivable during the year Decrease in accounts payable during the year Payment of cash dividends $ 15,300 158,000 139,000 93,500 68,500 102,500 128,000 49,500 81,500 41,500 Net cash flows from investing activities for the year were: Multiple Choice $147,000 of net cash used. $131,700 of net cash used. $147,000 of net cash provided $278.000 of net cash used. Saved Help Save & Exit Su Alfredo Inc. reports net income of $247,000 for the year ended December 31. It also reports $95,100 depreciation expense and a $5,850 gain on the sale of equipment. Its comparative balance sheet reveals a $38,900 decrease in accounts receivable, a $17.450 increase in accounts payable, and a $13,650 decrease in wages payable. Calculate the cash provided (used) in operating activities using the Indirect method. Multiple Choice $384,800 $344,050. $378,950 $283,950 $406,250
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