Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 Not yet answered Marked out of 2.00 P Flag question Consider the following events: Cash of $204,000 was used to purchase a used

image text in transcribed
image text in transcribed
image text in transcribed
Question 10 Not yet answered Marked out of 2.00 P Flag question Consider the following events: Cash of $204,000 was used to purchase a used truck. Cash of $160,000 was used to retire bonds. Cash of $100,000 was received from the sale of an investment at a loss. Cash dividends of $56,000 were received from an investment. Plant assets were depreciated $24,000, under the straight-line method. Compute the net cash flow from investing activities (parentheses indicate an outflow). Select one: A. $ (44,000) o B. $ 100,000 C. $(104,000) O D. $(210,000) Question 11 Not yet answered Marked out of 2.00 P Fag question Dils Brothers' 2019 financial statements show net income of $5,040 million, sales of $306,932 million, and average total assets of $86,700 million How much is Dils Brothers' return on sales for the year? Select one: A. 4.71% B. 10.20% O C. 1.64% D. 5.81% Question 12 Not yet answered Marked out of 200 P Flag question Goel Inc, issued a 120 day note in the amount of $540,000 on November 1, 2019 with an annual rate of 6%. What amount of interest has accrued as of December 31, 2019? Select one: A $9,000 B. 56,750 OC. $5,400 D. Zero. The interest is accrued at the end of the 120 day period

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

Students also viewed these Accounting questions