ACC2363_QUIZ 2_Q #94

.pdf

School

Algonquin College *

*We aren’t endorsed by this school

Course

2363

Subject

History

Date

Jan 9, 2024

Type

pdf

Pages

1

Uploaded by ok1807

Report
11/29/23, 12:33 PM Question 94 of 100 - Quiz Two https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=6725a273-fdf5-482a-a475-ba3a80cb0a9f#/question/93 1/1 View Policies Show Attempt History Your answer is correct. Cullumber Ltd. sold equipment during calendar 2023 for $29000 cash. The original cost of the equipment was $69450, and the accumulated depreciation to the date of sale was $36900. This transaction should be shown on Cullumber’ 2023 statement of cash ±ows (indirect method) as a(n) addition to net income of $3550 and a $29000 cash in±ow from investing activities. deduction from net income of $3550 and a $29000 cash in±ow from investing activities. deduction from net income of $3550 and a $32550 cash in±ow from investing activities. addition to net income of $3550 and a $29000 cash in±ow from ²nancing activities. eTextbook and Media Attempts: 1 of 3 used
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help