Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

Using the information , the net cash flow from operating activities is: Cash receipts from customers = $213,000 Cash payments to suppliers = $185,000 Cash

Using the information , the net cash flow from operating activities is:

Cash receipts from customers = $213,000

Cash payments to suppliers = $185,000

Cash received from sale of equipment = $12,000

Gain on sale of equipment = $8,000

choices:

Positive cash flow of $8,000

Positive cash flow of $20,000

Positive cash flow of $12,000

Positive cash flow of $28,000

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

Recommended Textbook for

CPA Excel Auditing And Attestation

Authors: Robert A. Prentice

1st Edition

0977165876, 978-0977165872

More Books

Students also viewed these Accounting questions

Question

★★★★★

Faldo Corp. is a public company and has 100,000 common shares outstanding. In 2017, the company reported income from continuing operations before income tax of $2,710,000. Additional transactions not...

Answered: 1 week ago

Question

★★★★★

Why must a satellite have distinct uplink and downlink frequencies?

Answered: 1 week ago

Question

★★★★★

Explain the applications of counseling theory to financial planning practice.

Answered: 1 week ago

Question

★★★★★

A school district receives a grant from the federal government to support programs directed at special needs students. The grant is a matching grant in which each dollar spent by the school district...

Answered: 1 week ago

Question

★★★★★

Using the information , the net cash flow from operating activities is: Cash receipts from customers = $213,000 Cash payments to suppliers = $185,000 Cash received from sale of equipment = $12,000...

Answered: 1 week ago

Question

★★★★★

Jan sold her house on December 31 and took a $35,000 mortgage as part of the payment. The 10-year mortgage has a 10% nominal interest rate, but it calls for semiannual payments beginning next June...

Answered: 1 week ago

Question

★★★★★

Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of...

Answered: 1 week ago

Question

★★★★★

For this activity, utilize the five - step process and the following data set. ( 2 5 pts ) The two populations are: Population A: Mean = 7 9 , ???? ???? = 7 Population B: ( sample of one ) : Raw...

Answered: 1 week ago

Question

★★★★★

SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] [The following information applies to the questions displayed below.] Silver...

Answered: 1 week ago

Question

★★★★★

What does De Soto mean by "strong, innovative economic markets"? A. These are markets that use existing technology to produce new goods and services. B. These are markets that are profitable for...

Answered: 1 week ago

Question

★★★★★

Using the Federal Rules of Evidence. What would be a given analysis of this scenario? On an open stretch of a two-lane highway in Nevada Jay Gadsby, traveling eastbound in a red Z -car with racing...

Answered: 1 week ago

Question

★★★★★

9. Explain the relationship between identity and communication.

Answered: 1 week ago

Question

★★★★★

a. How do you think these stereotypes developed?

Answered: 1 week ago

Question

★★★★★

a. How many different groups were represented?

Answered: 1 week ago

Previous Question Next Question