Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the year, Burton Company had cash collections from customers of $100,000, cash paid to employees of $16,000, cash paid to suppliers of $50,000, cash

image text in transcribed
image text in transcribed
During the year, Burton Company had cash collections from customers of $100,000, cash paid to employees of $16,000, cash paid to suppliers of $50,000, cash used to retire long-term bonds of $16,000, and cash payments for dividends of $10,000. The net cash flow from operating activities during the year was: O $50,000. O $18,000. O $8,000. O $34,000 QUESTION 2.5 points During the year, the Property, Plant and Equipment account increased by $25,000 and the Accumulated Depreciation account increased by $2,000. In addition, the company sold equipment, which originally cost $12.000 and had $9,000 of accumulated depreciation, for $4.500. What was the cash inflow from the sale of property, plant, and equipment? $4,500 O $15,500 O $12,000 $1,500 During the year, Burton Company had cash collections from customers of $100,000, cash paid to employees of $16,000, cash paid to suppliers of $50,000, cash used to retire long-term bonds of $16,000, and cash payments for dividends of $10,000. The net cash flow from operating activities during the year was: O $50,000. O $18,000. O $8,000. O $34,000 QUESTION 2.5 points During the year, the Property, Plant and Equipment account increased by $25,000 and the Accumulated Depreciation account increased by $2,000. In addition, the company sold equipment, which originally cost $12.000 and had $9,000 of accumulated depreciation, for $4.500. What was the cash inflow from the sale of property, plant, and equipment? $4,500 O $15,500 O $12,000 $1,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

need it asap, thank you!

Answered: 1 week ago