Cash from investing activities includes _____. all cash receipts and all cash disbursements for long-term business assets all cash receipts and all cash disbursements foe loans, contributions from owners, and distributions to owners all cash receipts and cash disbursements for routine sales and purchases made in the course of doing business detailed estimates of the sources of cash and uses of cash The most widely-used indicator of a company's overall performance is _____. return on equity earnings per share sales profit margin On January 1, 2011, Ace Electronics paid $400,000 cash for a computer that would be used to store and process its accounting information. The computer has a 5-year useful life, after which it will be worthless because it will be obsolete. Ace Electronics uses the double-declining balance method to depreciate its assets. The book value of the computer at December 31, 2012 is _____. $96,000 $144,000 $80,000 $256,000 In its first month of business, Fish Nets, Inc. sold 8,000 nets with a three-month warranty for $10 each on account. Fish Nets estimates that 1% of its sales will be uncollectible and that warranty costs will be approximately $100 on its sales. Fish Nets' financial statements should include _____. Bad debts expense of $800 and Warranty expense of $100 on its income statement Allowance for uncollectible accounts of $(80) and nothing for the warranties on its balance sheet Bad debts expense of $80 and Warranty expense of $100 on its income statement Allowance for uncollectible accounts of $(80) and Unearned warranty of $100 on its balance sheet