Question
course name Islamic accounting The purchase of machinery is classified in the cash flow statement as cash flow from operating activities. cash flow from assets
course name Islamic accounting
The purchase of machinery is classified in the cash flow statement as
cash flow from operating activities. cash flow from assets purchases. cash from investment activities. cash flow from financing activities. Use the following information to answer questions 811: Yasco Office Supplies Balance Sheet December 31, 20XX Cash at bank $149,500 Accounts payable $161,000 Prepaid insurance $ 69,000 Salaries payable $ 23,000 Accounts receivable $115,000 Mortgage payable $207,000 Inventory $161,000 Total liabilities $368,000 Investment land $172,500 Land $207,000 Building $230,000 Common stock $276,000 Less: Accumulated depreciation ($ 46,000) Retained earnings $575,000 $184,000 Total stockholders' equity $851,000 Trademark $161,000 Total assets $1,219,000 Total liabilities and stockholders' equity $1,219,000
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