After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $748,597 and Allowance for Doubtful Accounts has a balance of $19,002. What is the net realizable value of accounts receivable?

a.$767,599

b.$748,597

c.$19,002

d.$729,595

A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $21,050, representing a gain of $3,119. The value of this transaction appearing in the operating activities section of the statement of cash flows is

a.$21,050

b.$24,169

c.$17,931

d.$(3,119)

A machine with a cost of $140,000 has an estimated residual value of $14,000 and an estimated life of 6 years or 14,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 6,700 hours?

a.$60,300

b.$6,700

c.$73,700

d.$46,300

Land costing $133,406 was sold for $177,567 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?

a.$177,567

b.$44,161

c.$133,406

d.$310,973