FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the indirect method is used in the preparation of the statement of cash flows, a gain on the sale of equipment is reported as

If the indirect method is used in the preparation of the statement of cash flows, a gain on the sale of equipment is reported as a) an increase to net earnings. b) an increase to cash provided by investing activities. c) an increase to revenues. d) a decrease to net earnings.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Business Accounting An Introduction To Financial And Management Accounting

Business Accounting An Introduction To Financial And Management Accounting

Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis

2nd Edition

0230276237, 978-0230276239

More Books

Students also viewed these Accounting questions

Question

★★★★★
Consider the M/G/ 1 model. What is the effect on Lq and Wq if 1/, 1/ , and s are all reduced by half? Explain.

Answered: 1 week ago

Question

★★★★★
Gabriels Graphics Company was organized on January 1, 2020, by Gabriel Medin¨a. At the end of the first 6 months of operations, the trial balance contained the following accounts. Analysis...

Answered: 1 week ago

Question

★★★★★
=+23. Defect monitoring. The following data are from a production process that makes 200 units each hour. The data were collected over a normal 12-hour shift one day. The data are shown in the table...

Answered: 1 week ago

Question

★★★★★
Calculating OCF Ranney, Inc., has sales of $18,700, costs of $10,300, depreciation expense of $1,900, and interest expense of $1,250. If the tax rate is 40 percent, what is the operating cash flow,...

Answered: 1 week ago

Question

★★★★★
Here is a set of processes. Determine if deadlock is possible. If it is, mention the steps of processes execution which would produce deadlock. Semaphore si, 52, 53 P11 P2 while (true) { while (true)...

Answered: 1 week ago

Question

★★★★★
Target costing ________. Group of answer choices starts with the target cost and adds desired profit to attain the target sales price generally computes the target cost to be higher than the full...

Answered: 1 week ago

Question

★★★★★
According to the predictions of quantum mechanics, could atomic clocks also have errors, and there would be no instrument at all to point out the errors, still due to quantum mechanical limitations?

Answered: 1 week ago

Question

★★★★★
250 mL of a waste solution obtained from the workshop of a goldsmith contains 0.1 M AgNO 3 and 0.1M AuCl . The solution was electrolyzed at 2V by passing current of 1A for 15 min .The metal/metals...

Answered: 1 week ago

Question

★★★★★
If you have two vibrating tuning forks that create a binaural beat of 440 Hz, would they be able to make a third tuning fork calibrated to 440 Hz resonate?

Answered: 1 week ago

Question

★★★★★
The following is a pedigree of PKU that is associated with a mutation in the PAH gene. Note: Filled squares or circles represent PKU patients. Assume that no other mutation arises within the...

Answered: 1 week ago

Question

★★★★★
The diagram below shows a signaling pathway that is activated following the binding of adrenaline to the -adrenergic receptor. The major steps of this signaling pathway are outlined below and also...

Answered: 1 week ago

Question

★★★★★
Describe a specific outsourcing practice about which you are knowledgeable, and explain what you believe are the primary benefits achieved by having the services provided by outside persons rather...

Answered: 1 week ago

Question

★★★★★
Do you believe that changing the name of personnel to human resources substantially improved the image of the department or service area? Why?

Answered: 1 week ago

Question

★★★★★
Comment on the following quotation from Up the Organization (Townsend, 1970): Fire the whole personnel department. Unless your company is too large (in which case break it up into autonomous parts),...

Answered: 1 week ago

Previous Question Next Question