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Which one is the answer 31 Barret Company recorded depreciation on a machine costing 18,000 for nine years at the rate of 1,200 per year.
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31 Barret Company recorded depreciation on a machine costing 18,000 for nine years at the rate of 1,200 per year. If it sells the machine in the middle of the tenth year for 8,000, then there is ed out of Select one: a. Gain on sale 1400 b. None of the other answers c. Loss on sale 1400 d. Gain on sale 400 stion 32 Share dividends is vet ered Select one: ed out of a. Operating cash flow lag b. Investing cash flow cion c. None of the other answers d. Financing cash flow tion 33 et pred If the net operating cash flow is 50,000, the net investing cash flow is -80,000, the net financing cash flow is 40,000, and the ending cash balance is 15,000 then the beginning cash balance is ed out of Select one: a. 9000 ag ion b. 4000 c. None of the other answers d. 5000 According to IFRS; Companies value property, plant, and equipment in subsequent periods using estion 34 yet wered Select one: ked out of a. either the cost method or fair value (revaluation) method b. the cost method Flag stion c. None of the other answers d. fair value (revaluation) method estion 35 measures the cash or cash equivalent price of obtaining the asset and bringing it to the location and condition necessary for its intended use t yet wered ked out of Select one: a. Historical cost Flag estion b. Current assets c. None of the other answers d. Fair value n 36 Held-for-Collection securities: d out of Select one: a. Equity - Fair value - Current or Non-current b. Debt - Amortized Cost - Current or Non-current c. Debt or equity - Fair value - Current or Non-current d. None of the other answers in 37 The book value of an asset is equal to the ed Select one: out of a. replacement cost of the asset. b. asset's fair value less its historical cost. c. asset's cost less accumulated depreciation. d. blue book value relied on by secondary markets. tion 38 et ered If the cost of equipment SR40,000 and the accumulated depreciation SR35,000, the company disposes the equipment (no residual value), then the required entry ed out of Select one: a. Accumulated depreciation debit 35,000, Loss on disposal of equipment debit 5000 and equipment credit 40,000 b. Accumulated depreciation debit 35,000, depreciation expense debit 5000 and equipment credit 40,000 c. Accumulated depreciation debit 35,000, Loss on disposal of equipment debit 5000 and equipment debit 40,000 lag tion d. None of the other answers n 39 If the cost of equipment SR40,000 and the accumulated depreciation SR40,000, the company disposes the equipment (no residual value), then the required entry out of Select one: a. Accumulated depreciation debit 40,000 and equipment credit 40,000 b. Depreciation expense debit 40,000 and accumulated depreciation credit 40,000 c. None of the other answers d. Equipment debit 40,000 and accumulated depreciation credit 40,000 on 40 If the net operating cash flow is 50,000, the net investing cash flow is -80,000, the net financing cash flow is 34,000, and the beginning cash balance is 9000 then the net increase (decrease) in cash is ed out of Select one: a. None of the other answers an b. 4000 c. 13,000 C d. -4000
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