Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Investing Activities for Zoom Video Communications Complete the following table of long-term assets: Long-term Assets Dollar Amount on Most Recent Balance Sheet Dollar Amount on

  1. Investing Activities for Zoom Video Communications
  1. Complete the following table of long-term assets:

Long-term Assets

Dollar Amount on Most Recent Balance Sheet

Dollar Amount on Prior Balance Sheet

Net Change in Dollars

Long-term investments

Machinery and equipment

Buildings and leasehold

Land

Less accumulated depreciation

Construction in progress

Deferred income taxes

Long-term receivable

Goodwill

Other intangible assets

Total long-term assets

  1. Inspect the investing section of the statement of cash flows and report the following:

Most Next most

Recent Year Recent Year

1. Cash spent to acquire long-term assets __________ __________

2. Cash received from sale of long-term assets __________ __________

  1. Which depreciation method(s) does your company for financial reporting purposes?

  1. Does your company own securities at the most recent balance sheet date that qualify in the following categories?

______ Held-to-maturity securities ______ Trading securities

______ Available-for-sale securities

  1. Which of these accounting methods were used by your company to value investments in securities?

______ Amortized cost method (or cost method) ______ Market value method

______ Equity method ______ Consolidation method

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_2

Step: 3

blur-text-image_3

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

Connect For Data Analytics For Accounting

Authors: Author

2nd Edition

1264152000, 9781264152001

More Books

Students also viewed these Accounting questions

Question

2. Do not crowd the student. Do not get in the students face.

Answered: 1 week ago