uestion 8

A company sold PP&E for $100 cash. Prior to the sale, the net book value of the PP&E on the financial statements was $80. Thus, the company recorded a Gain on Sale of Equipment of $20 in Net Income. What is the investing cash flow in this transaction?

$100

$0

$120

$20

$80

Question 9

Which of the following transactions would result in the change in Inventory on the SCF being a different number than the change in Inventory on the Balance Sheet? (check all that apply)

Some of the inventory came in the acquisition of another company

Some of the inventory is held by subsidiaries in countries that use a different currency

Some of the inventory was purchased on account

Some of the inventory was sold for cash

Some of the inventory was stolen by employees

Question 10

A company had EBITDA of $1000, Depreciation and Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. What was the company