G company has an increase in its net fixed assets of $800. Depreciation = $140. How much did the company spend on net fixed assets? A source or use of cash? $800, source $800, use $940, source $940, use

Q: .4 Explain why depreciation is added to the operating profit. Comment on the following cash flows of…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: Proceeds on Disposal of Assets, R47 000 & R43 000 and a new asset bought in replacement of the 2…

A: Statement of cash flows: The statement of cash flows records all the sources and use of the cash in…

Q: A company has the following three assets with the information provided:($ in millions)…

A: Impairment occurs when the estimated total future cash flows is less than the book value of the…

Q: What was its net cash flow?

A: Net cash flow is the amount of total cash flows generated by an organization over a period of time…

Q: An equipment has been sold by 100,000 SR on cash, accumulated depreciation 200,000 SR, and Book…

A: Lets understand the basics. Gain or loss on the sale of asset is a gain or loss that are incurred…

Q: Malaysia Inc. purchased a capital expenditure amounting to Php1,500 and reported revenue of…

A: 1.  Calculation of Tax Amount Particulars   Amount Revenue 125,000   Less: Operating…

Q: Sunset Acres reported net income of $60 million. Included in that number were trademark amortization…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Q: Use the following information from Denmark Company's financial statements. Net income $150,000…

A: Cash flow statement provided information about the cash inflows and cash outflows of the company.…

Q: UJ Corp. reported net income for the year of $380,000.  What is the net cash flows from operating…

A: working:   particular  amount  Cash flows from operating activities will be :   Net Income…

Q: Un Company sold office equipment with a cost of $23,000 and accumulated depreciation of $12,000 for…

A: Book Value: It is the value of an asset as per the balance sheet of the company for the required…

Q: Sunset Acres reported net income of $58.0 million. Included in that number were trademark…

A: Trademark amortization: It is a non-cash expense. Since it is reduced in calculation of Net Income…

Q: Kingbird, Inc.'s net income for the current year was $547000. Depreciation was $71000. Accounts…

A: Indirect method of cash flow statement involves a reconciliation from profit before tax, adjusting…

Q: Marigold Corp. had net income of $694200 for the year ending 12/31/2022. Depreciation expense for…

A: Cash flow statement consists of three activities: Operating activities, investing activities and…

Q: a. Equipment with a book value of $79,000 and an original cost of $163,000 was sold at a loss of…

A: Cash received from sale of Equipment = Book value - loss on sale = $79,000 - $31,000 = $48,000

Q: Sunland Company had net income of $854400 for the year ending 12/31/2022. Depreciation expense for…

A: Net Income = $854400 Depreciation expense = $105600 Increase in accounts receivable = $57600…

Q: JBS Inc. recently reported net income of $4,650 and depreciation of $855. How much was its net cash…

A: Net cash flow = net income plus non cash times

Q: How much was the carrying amount of the non-cash assets? A. 1,240,000 B. 1,360,000 C. 920,000 D.…

A: Liquidation of partnership means cessation or end of the partnership business. Under which, all…

Q: Whispering Winds Corp. had net income of $818800 for the year ending 12/31/2022. Depreciation…

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Q: Proceeds on Disposal of Assets, R47 000 & R43 000 and a new asset bought in replacement of the 2…

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Q: Un Company sold office equipment with a cost of $42,960 and accumulated depreciation of $39,803 for…

A:

Q: PhotoEase Camera Co. sold equipment with a cost of $19,000 and accumulateddepreciation of $7,000 for…

A: Statement of cash flow represents the inflow and outflow of cash and cash equivalents took place…

Q: Remal Bidiya Company had the following gain, the original cost of the office equip Additionally, the…

A: Solution:   Amount Amount Cash Flow From Investing Activities:     Value of Equipment (120000…

Q: Garden of Eat’n Corp. has the following items that the controller is uncertain of where to place on…

A: The cash flows statement is a statement that shows flows of cash during a particulars period of…

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Q: The net income reported on the income statement for the current year was $259000. Depreciation was…

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Q: Marvin Industries owns a plece of equipment with a cost of $149,000 and accumulated depreciation of…

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Q: In 20x7, Sweet Treats sold a piece of equipment with a purchase value of $371,000and acumulated…

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Q: . Why does the company add back depreciation to compute net cash flows from operating activities?…

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Q: Engineering Wonders reports net income of $70 million. Included in that number is building…

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Q: a. Equipment with a book value of $82,000 and an original cost of $163,000 was sold at a loss of…

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Q: If Sheffield Corp. realizes a loss of $9500 on a cash sale of office equipment having a book value…

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Q: The net income reported on the income statement for the current year was $22700O. Depreciation…

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Q: Operating expenses other than depreciation for the year were $301,000. Accrued expenses decreased by…

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Q: Chic Chalk company has charged a depreciation of $500,120 for one of its equipment, on its income…

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Q: What was the asset's selling price?

A: Cost of Machinery - $20,000 Accumulated Depreciation - $15,000 Gain on the disposal of Asset -…

Q: a. Equipment with a book value of $81,000 and an original cost of $160,000 was sold at a loss of…

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Q: Abiss company has erroneously skipped recording depreciation on one of its equipmen amounting to…

A: Depreciation refers to the decrease in the value of the asset due to its normal wear and tear over a…

Q: The following information is provided for the current year: Profit for the period P1,500,000;…

A: Cash flows from operating activities is one of the important section of cash flows statement. It…