In 2014, Fox Corporation acquired production machinery at a cost of $500,000, which now has a book value of $220,000. The sum of undiscounted cash flows from use of the machinery is $190,000, and the sum of its discounted future cash flows is $140,000. The machines fair value is $130,000. What amount should Fox recognize as a loss on impairment?

Group of answer choices

$30,000

$90,000

$0

$80,000

In preparing its bank reconciliation for the month of April 2020, Jasper, Inc. has the following information available.

Balance per books, 4/30/20 $ 35,870 Balance per bank, 4/30/20 32,560 Bank service charges for April 30 NSF check returned with 4/30/20 bank statement 480 Outstanding checks, 4/30/20 6,700 Deposits in transit, 4/30/20 9,500

After the reconciliation, what is the correct cash balance?

Group of answer choices

$38,160

$32,560

$32,870

None of the above.

$35,360