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Niagara Resort Club sold plant assets at a $14,000 loss. Where on the statement of cash flows should Niagara Resort Club report the sale of
Niagara Resort Club sold plant assets at a $14,000 loss. Where on the statement of cash flows should Niagara Resort Club report the sale of plant assets? How much should the business report for the sale? COA. Financing cash flows-cash receipt of $43.500 B. Investing cash flows-cash receipt of $43,500 OC. Investing cash flows-cash receipt of $29.500 OD. Investing cash flows-cash receipt of $57,500 Data table Plant Assets 12/31/2023 112.000 Acquisitions 407,000 56.000 Disposals 12/31/2024 463,000 Accumulated Depreciation-Plant Assets 20.500 12/31/2023 Disposals 12,500 30,000 Dept. Exp 38,000 12/31/2024 Java King, Inc. expects net cash flow from operating activities to be $90,000, and the company plans purchases of equipment of $78.000 and repurchases of stock of $18,000. What is Java King's free cash flow? OA $12,000 OB. $6,000 OC. $78.000 OD. $90,000 Benton Furniture Center had accounts receivable of $28,000 at the beginning of the year and $59,000 at year end. Revenue for the year totaled $118.000. How much cash did the business colect from customers? OA $118.000 OB. $59,000 Oc. $149,000 OD. $87,000 The accounting reconds of RVD Saws, Inc. include the following accounts Click the icon to view the accounts) Compune RVD's net cash provided by (used for) operating activities during July 2024, Use the indirect method (Use a minus sign or parentheses for amours that result in a decrease in cash and to show net cash used for operating alive. If a box is not used in the table leave the box empty; do not select a lebel or enter a zero) RVD Sales, Statement of Cash Flows (Partial For the Month Ended July 2024 Cash Flows from Operating Activities Net Income Adjustments to Faconcile Net Income to Nat Cash Provided by (Used fo) Operating Actyti Net Cash Providet by Used for) Operating Actives Data table Account Beginning Balance Enlig Cash $ 6,500 3500 Accounts Receivable 22.000 17.500 Merchandise inventory Accounts Payable Accumulated Depreciation- Equipme 17,000 20.500 13.000 18500 Retained Earnings 54,000 Jul 1 2,500D Exp 50,500 Jul 31 85.000 J1 Div LOOD 3,000 Nuc 13000031 - X
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