Would a sale of equipment for cash be considered a financing activity or an investing activity? Why?

Q: _______ It illustrates how operating, investing, and financing activities affect cash.

A: Operating activities: Operating activities are those business activities that are related to its day…

Q: Borrowing cash from 'the bank is an example of which type of transaction? Multiple Choice Asset…

A: Borrowing cash from the bank will affect the cash and liabilities. The cash balance has been…

Q: Explain Distribution of Cash from Sale of Asset?

A: The question is based on the concept of distribution of cash to the shareholders , which is simply…

Q: a. What is the net cash provided by operating activities? b. What is the net cash provided by…

A: Cash flow statement is one of the financial statement that is being prepared for business and it…

Q: Gains and losses on disposals of assets: Why are gains and losses on disposals of assets treated as…

A: Gains and losses on disposal of assets are notional gains and losses reported in the income…

Q: What is the net cash provided by financing activities?

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

Q: WHAT IS THE NET CASH PROVIDED BY FINANCING ACTIVITIES?

A: Cash flows from financing activities shows all cash inflows and cash outflows from the sources and…

Q: is A written promise to pay the supplies an asset capital so on? is Fax Machine an asset capital so…

A: The answer is stated below:             Note: Answering the first three subparts as there are…

Q: Is it in the best interests of the company to borrow money?

A: Introduction: Obtaining finances in debt is significantly more straightforward for companies than…

Q: These would include transactions where cash is obtained from or repaid to owners and creditors…

A: The cash flow statement contains a summary of cash inflows/outflows from various activities such as…

Q: What is free cash flow? If you were an investor, why might you be more interested in free cash flow…

A: Answer:   Free cash flows are the residual amount of cash remains with the company after the meeting…

Q: How does the statement of cash flows help users of financial statements?

A: Cash flow statements are the statements that determines the inflow and outflow of cash from three…

Q: Which of the following are Cash Outflows from Operating Activities? Check All That Apply Purchase a…

A: The statement of cash flows records all the sources and uses of cash in the business during a…

Q: Which of the following is an example of a cash outflow from a financing activity? a. Payment of…

A: Financing Activity is associated with the procurement and payment of funds. Outflow means payment of…

Q: What amount would be reported as the cash proceeds from the sale of equipment?

A: Carrying value of equipment sold = cost - accumulated depreciation of the equipment. =50,000 -…

Q: Why do investors find both income statement and statement of cash flows useful? critically examine…

A: carried out in a business i.e. operating activities, investing activities and financing activities.…

Q: What is cash flow from investing activities? Explain some of the activities as example  of cash…

A: Cash Flow statement is a statement which was used by the organisation to find the cash earned and…

Q: What does it mean to have "free cash flow"? What may make free cash flow more important to an…

A: Introduction: The residual amount of cash that remains with the company after all operational…

Q: What is the net cash used in financing activities?

A: Net cash used in financing activities is the cash inflow pertaining to financing activities minus…

Q: what the effect to asset, liability and owner's equity if the company receives cash from a bank loan

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.

Q: net cash provided by financing activities

A: Financing activities include issue of shares, bonds, their redemption, borrowings, repayment of…

Q: How does paying cash for equipment affect the accounting equation?

A: The journal entry for paying cash for equipment : Account Journal Debit $ Credit $ Equipment…

Q: How is cash received in person independently verified?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Gold is a savings or investment. Discuss. Money is a savings or investment tools. Discuss.

A: "Gold is a savings or investment" Gold is the most popular as an investment, of all the precious…

Q: Which of the following is not an example of investing cash flows? A. payment for purchase of land…

A: Answer -  Cash flows from investing activities are cash business transactions related to a business'…

Q: How do you calculate Cash from operating activities?

A: Cash flow statement means the statement which shows the cash flow in or out of business enterprises…

Q: a. What is the net cash provided by operating activities? b. What is the net cash provided by…

A: Cash flows from operating activities, investing activities and financing activities are important…

Q: Which of the following is not an investing activity? a Purchase of investments for cash b…

A: Investing Activity: Investing activity Refers to investment in long term and short term assets and…

Q: How does paying cash for purchase of supplies affect the accounting equation?

A: Accounting Equation is as follows: Assets = Liabilities+ Equity (Owner's funds) Each accounting…

Q: Why might a business invest cash in temporary investments?

A:

Q: Cash advances and loans to other parties (other than advances and loans made by financial…

A: >Statement of Cash flows is one of the financial statements, and is prepared for a particular…

Q: s there any significance that can be attributed to whether net cash flows are generated from…

A: These are shown separately in the cash flow statement of one business.

Q: Is Cash an asset?

A: In financial accounting terms, Asset is any resource owned by the company or the entity for which…

Q: Why aren’t transactions involving accounts payable considered to be financing activities?

A: Answer: Accounts payable is current liability which is used in computing working capital, excess of…

Q: For most businesses, what does cash consist of ?

A: Given: The requirement of the cash in a business.

Q: How can we obtain the Cash flow from financing activities?

A: Cash Flow Statement forms part of Financial Statements and it comprises three sets of activities…

Q: Which of the following would not be a component of cash flows from investing activities? a. Sale of…

A: Investing activities in a cash flow statement includes purchase and sale of long term assets and…

Q: How can the owners use the cash flow information or what can the statement of cash flows helps the…

A: financial statememnts of the corporation -    - income statement  - balance sheet  - cash flow…

Q: Do the balance sheet, income statement, and statement of cash flows contain all the information you…

A: Yes, balance sheet, income statement, and statement of cash flows contain all the information one…

Q: What factors determine the need for cash in a firm's operation?

A: It would be desirable on the part of the management to provide for sufficiently large amount of cash…

Q: Can the Current assets be converted into cash?

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: Do you think that cash and profits are the same? Can you think of any business transactions that do…

A: Profits: profit is net income calculated by Subtracting  all expenses form sales or total revenue.…