Ask Question
BusinessBusiness
7 June, 23:38

If a gain of $5,634 is realized in selling (for cash) office equipment having a book value of $59,856, the total amount reported in the Cash flows from investing activities section of the statement of cash flows is a.$5,634 b.$59,856 c.$54,222 d.$65,490

+4
Answers (1)
  1. 7 June, 23:48
    0
    d. $65,490

    Explanation:

    A cash flow statement (CFS) is a financial statement shows the amount of cash and cash equivalents that has entered and left an organisation. It only deals in cash and cash equivalents.

    From the question, the sale for cash of office equipment with a book value of $59,856 at profit of $5,634 will be recorded in the Cash flows from investing activities section of the CFS based on the actual cash that entered the company. In this case, the total cash received from the sale and which is the actual cash that entered the company in respect of this transaction is the addition of the book value of $59,856 and the gain of $5,634 which is approximately $65,490.

    Therefore, the total amount reported in the Cash flows from investing activities section of the statement of cash flows is $65,490.

    I wish you the best.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a gain of $5,634 is realized in selling (for cash) office equipment having a book value of $59,856, the total amount reported in the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The underlying principle for using more emotional appeals in business-to-business advertising is that emotions can be a part of every type of decision, even in the business-to-business environment. Group of answer choices True False
Answers (1)
Suppose that the United States decided to subsidize a major competitive effort by the semiconductor industry to bring to market the next generation computer chip. Under the current rules of the WTO and GATT, the U. S.
Answers (1)
Why is the stock market essential for companies and investors
Answers (1)
Network economics Select one: A. applies the law of diminishing returns to communities of users. B. balances the high cost of adding new members to a community against the lower cost of using network infrastructure. C.
Answers (1)
Robusta Coffee Importers sold 6 comma 000 units in October at a sales price of $ 35 per unit. The variable cost is $ 15 per unit. The monthly fixed costs are $ 10 comma 000. What is the operating income earned in October?
Answers (1)
New Questions in Business
Since February, the Federal Reserve has raised its short-term interest rate target five times, and because of the economy's continued strength, analysts have been predicting for weeks that the target will be raised again in November.
Answers (1)
Student loans, car loans, and housing loans are good examples of long-term liabilities. personal obligations. current liabilities. short-term debts.
Answers (1)
How can business owners attract qualified laborers and prevent employee turnover?
Answers (2)
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $6,100, promising to pay cash for it in 60 days.
Answers (1)
Antonio derives more utility from spending an additional dollar on boots than on gloves. We can assume that: a. the marginal utility per dollar spent on boots is greater than the marginal utility per dollar spent on gloves. b.
Answers (1)
Home » Business » If a gain of $5,634 is realized in selling (for cash) office equipment having a book value of $59,856, the total amount reported in the Cash flows from investing activities section of the statement of cash flows is a.$5,634 b.$59,856 c.$54,222 d.
Sign Up Forgot Password?