Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Long term investment balance has decrease from $18 to 0 Gain on sale of investment has increased $6 There is a gain on sale of

Long term investment balance has decrease from $18 to 0

Gain on sale of investment has increased $6

There is a gain on sale of investments$6, but there is nothing in long-term investments. When composing cash flow statement, how does it affect the cash flow and what should be record in the investing cash flow?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

★★★★★

What are the objectives and components of COSO ERM framework?

Answered: 1 week ago

Question

★★★★★

=+a) What are the null and alternative hypotheses? Talk about cars and fuel efficiency, not symbols.

Answered: 1 week ago

Question

★★★★★

Jane Shay operates a management consulting business. The business has been successful and now produces a taxable income of $65,000 per year after all "ordinary and necessary" expenses and...

Answered: 1 week ago

Question

★★★★★

Clickhere to view foctor tables What is the future value of 18 periodic payments of $6,200 each, made at the beginning of each period and compounded at 8x ? (Round factor values to 5 decimal places,...

Answered: 1 week ago

Question

★★★★★

C7-3 through C7-5 (Algo) (Supplement 7A) Recording Inventory Purchases, Allowances, Sales, and Shrinkage Using Perpetual FIFO, Weighted Average, LIFO (Chapters 6 and 7) [LO 6-2, LO 6-3, LO 6-4, LO...

Answered: 1 week ago

Question

★★★★★

A lawyer does two types of jobs in a day. The first job is to attend 6 meetings each averaging 3 0 minutes. The second job is to research 2 cases each averaging 2 . 5 hours. Calculate the average...

Answered: 1 week ago

Question

★★★★★

In 2 0 1 5 , Wright and Jacques published Code of the Suburb as a sequel to Elijah Anderson s 1 9 9 9 Code of the Street. What are three differences in the reasons for and consequences of drug -...

Answered: 1 week ago

Question

★★★★★

How can Apple\'s HR department promote the success of its program of stock grants? 2 . If you worked in Apple\'s HR department, what kind ( s ) of individual incentives would you use? Would these be...

Answered: 1 week ago

Question

★★★★★

you must process 3 jobs on 3 machines ( provide the machine routing and processing time as you wish ) a ) create a semi active schedule that is not active b ) create a active schedule

Answered: 1 week ago

Question

★★★★★

Create a Report: Include 5-7 content specific paragraphs that outline the various computer security risks and how the risks attack your system and data. Include methods to protect your system from...

Answered: 1 week ago

Previous Question Next Question