Marvin Industries owns a plece of equipment with a cost of $149,000 and accumulated depreciation of $123,000. The equipment Is sold for $52,300 cash. The amount that should be reported as a cash Inflow from Investing activitles Is: Multiple Cholce $52.300. $26.300. $26,000. $O; this transaction Is a financing activity.

Q: About $140,000, Lamar Corporation bought a piece of property. Later this year but, the business sold…

A: A financial statement called the cash flow statement (CFS) outlines the inflow and outflow of a…

Q: - If a machine whose original cost is S 40,000 having accumulated depreciation $12,000, were sold…

A: given, purchasing price = $40,000 selling price = $34,000

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: Sam’s Sandals sold a piece of equipment for $17,600.  The book value of the equipment was $17,000.…

A: Cash flow statement  refer to only cash item is considered.   Non cash item not considered   .

Q: Lamar Corporation purchased land for $156,000. Later in the year, the company sold land with a book…

A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…

Q: The Plant Assets account and Accumulated Depreciation—Plant Assets account of Star Media show the…

A: Particulars Amount Cost of Plant assets sold $52,500 Less: Accumulated Depreciation $(10,500)…

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: 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: Simbad Industries has cash flows from operating activities of $720,000. Cash flows used for…

A: Cash flow statement is prepared to know how adjustment in income and balance sheet effects the cash…

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: Suppose your company sells services of $260 in exchange for $175 cash and $85 on account.…

A: 1.Cash flow from operating activities means the net cash inflow or outflow generated through day to…

Q: The records of Ashley Boutique showed Net Loss, $30,000; Depreciation Expense, $25,000; and increase…

A: Statement of Cash Flows: Statement of Cash Flow is one of the main four financial statements,…

Q: Cleopatra's Boutique Inc reported net income of $73.000 for 2022 included in the income statement…

A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…

Q: Lamar Corporation purchased land for $147,000. Later in the year, the company sold land with a book…

A: CASH FLOW STATEMENT IS A FINANCIAL STATEMENT THAT PROVIDES DATA FOR ALL CASH INFLOWS AND CASH…

Q: Creative Sound Systems sold investments, land, and its own common stock for $37.0 million, $15.7…

A: Cash Flows from Financing Activities = Cash Inflow from Common Stock - Cash Outflow for stock…

Q: Lamar Corporation purchased land for $157,000. Later in the year, the company sold land with a book…

A: The cash flow statement is part of the financial statements of the company. It is prepared at the…

Q: company sold They also purchased treasury stock, equlpment, and a patent for $2 million, $3 million,…

A: The cash flow statement is prepared to estimate the net cash inflow or outflow from the business…

Q: ob’s Rings collected $6,000 in cash sales, recognized depreciation expense of $4,600, received…

A: Answer) Calculation of amount of net cash from or used for operating activities Net cash from…

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: Lamar Corporation purchased land for $157,000. Later in the year, the company sold land with a book…

A: Gain on sale of land = Sale value of land - Book value of land = $213000 - $190000 = $23000

Q: A. Sold land costing $315,000 for $400,000 cash, yielding a gain of $85,000.   B. Paid $106,000…

A: Given the following information: Sold land costing $315,000 for $400,000 cash, yielding a gain of…

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: Simkin Corporation purchased land for $420,000. Later in the year, the company sold a different…

A:

Q: Determine the amount that would appear in the investing activities of the statement of cash flows…

A: Cash proceeds from sales of $80000 shall be reported under cashflows from investment activities.…

Q: Lamar Corporation purchased land for $140,000. Later in the year, the company sold land with a book…

A: Gain on sale of land = $202,000 - $180,000 = $22,000

Q: If a machine whose original cost is ₹50,000 having accumulated depreciation ₹12,000, were sold for…

A: Cash received (inflow) is $44,000. Cash received from sale of machinery is investing activity.

Q: Please help

A: Sale of asset will come under investment activities in cash flow statement.

Q: Cameron Corporation purchase land for $434,000. Later in the year, the company sold a different…

A: Introduction: Statement of cash flows: All cash in and out transactions are recorded in statement of…

Q: . Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of…

A: The cash flow from investing activities includes the cash transactions for sale or purchase of…

Q: IZ Corporation purchased land for $500,000. Later in the year, the company sold a different piece of…

A: Cash flow Statement is a aspect of financial statement that represents inflow and outflow of cash in…

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

A: Cash flow from Investing Activities:-It shows the cash inflow or outflow by purchasing or selling…

Q: The statement of financial position and profit or loss of an entity on December 31, 20x1 shows the…

A: Statement of Financial Position ASSETS   Current Assets   Cash and cash equivalents…

Q: The land was purchased during the year for  RO 60,000 and sold during the year for  RO 25000 . The…

A: Cash flow statement divides into three parts which are, Cashflow from operating activity Cashflow…

Q: Creative Sound Systems sold investments, land, and its own common stock for $35.0 million, $15.5…

A: Cash flow statement is prepared to analyze the inflow and outflow of the cash. There are three types…

Q: a. Equipment with a book value of $81,000 and an original cost of $167,000 was sold at a loss of…

A: Given that, Book value of equipment sold = $81,000  Loss on sale of equipment = $37,000  Original…

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

A: Working Note: Receipt from sale of Equipment = Book value of Equipment - Loss on sale of Equipment =…

Q: Zimmerman Company sold land for $25,000 cash. The original cost of the land was $25,000. Which of…

A: Horizontal Financial Statement Model - This model expresses the Financial Statement in the…

Q: Sweeter Enterprises Inc. has net cash flows from operating activities of $378,000. Cash flows used…

A: WORKING : PARTICULARS  AMOUNT $ CASH FLOW USED IN INVESTMENT IN PPE $76,000 REPLACEMENT…

Q: Miller, Inc. owns tand worth $800,000 and has $180,000 worth of cash in its bank account, In the…

A: Balance sheet items are listed in order of liquidity not in order of values.

Q: Cameron Corporation purchase land for $434,000. Later in the year, the company sold a different…

A: Cash Flow Statement (Indirect Method) Cash Flow from Operating Activities  Amount (In $)   Amount…

Q: ABC Co. sold for P12, 000 an equipment with original cost of P140,000 and accumulated depreciation…

A: Cash flows statement shows the cash outflows  and inflows during the year. Cash flows from investing…

Q: Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is…

A: Cash flow from investing activity includes only the cash flow from the sale of the asset. It doesn't…

Q: A building with a book value of $36,213 is sold for $60,055 cash. Using the indirect method, this…

A: Gain on sale of Building = Sales value - Book value Gain on sale of Building = $60,055 - $36,213…

Q: IZ Corporation purchased land for $400,000. Later in the year, the company sold a different piece of…

A:

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is