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Sally Smythe enters into a partnership by contributing the following Cash $14.200; Accounts Receivable $3,700, Machinery which cost $2,200 and has a fair market value
Sally Smythe enters into a partnership by contributing the following Cash $14.200; Accounts Receivable $3,700, Machinery which cost $2,200 and has a fair market value of $1,325, and accounts payable of $2,100. What amount will be recorded in her capital account? Multiple Choice O $18,000 O $27325 $20,00 519.225 An analysis of the Marketable Securities control account of Fancher Products, Inc. shows the following entries during the year Balance, Jan. 1 Debit entries Credit entries Balance, Dec. 31 $ 300, eee 250,000 (130,000) $ 420,000 In addition, the company's income statement includes a $35,000 loss on sales of marketable securities. None of the company's marketable securities is considered a cash equivalent. Compute the amounts that should appear in the statement of cash flows as. Purchases of marketable securities b. Proceeds from sales of marketablo securities During the current year, Maine Salvage Company took out new loans of $10 million. In addition, the company repaid $14 million of prior loans and paid $105 million of interest expense. Explain how these cash flows will appear in the company's statement of cash flows, indicating the classification and the dollar amount of each cash flow (Enter your answers in millions rounded to 1 decimal place.) Cash Flow Amount (in millions Activity New loans made Loan repald Interest expense
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