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Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $9,000. The net book value of the
Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $9,000. The net book value of the asset was $26,900. Which of the following statements describes the cash effect of the transaction? A. negative cash flow of $17,900 for operating activities B. positive cash flow of $17,900 from investing activities C. negative cash flow of $17,900 for financing activities D. positive cash flow of $35,900 from financing activities The trend analysis report of Marswell, Inc. is given below (in millions): Net income Trend percentages 2019 $680 171% 2018 $606 152% 2017 $460 116% 2016 $406 102% 2015 $398 100% Which of the following is a correct conclusion from the above analysis? A. Net income for 2017 has decreased by 116% over that for 2015. B. Net income for 2017 has decreased by 16% over that for 2015. C. Net income for 2017 has increased by 116% over that for 2015. D. Net income for 2017 has increased by 16% over that for 2015. Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers Office Rent Indirect Materials Used $780,000 245,000 33,000 800,000 How much is the total product costs for the year? O A. $800,000 B. $1,025,000 O C. $1,825,000 OD. $1,858,000
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