Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume a company reported net income of $53, 000,

Assume a company reported net income of $53, 000, loss on the sale of equipment...

80.2K

Verified Solution

Question

Accounting

image

Assume a company reported net income of $53, 000, loss on the sale of equipment of S10, 000, and gain on sale of investments of $21, 000. If there were no other adjustments to reconcile net income to cash from operating activities, the cash inflow from operating activities must have been $42.000. $63, 000. $84.000. $32, 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Name one company that benefited and one company that suffered due to the slump in the...

Finance
Q

3) Which FOB method would you recommend - what would influence your decision? (would you use...

Accounting
Q

A professional boxer of mass m1 hits a punching bag in the center of m2 suspended from...

Physics
Q

9 Look at the pictures Remember that dots are solutes and the empty blank space...

Biology
Q

3 Being as specific as possible name the type of parallelogram that a has congruent...

Geometry
Q

Find two numbers differing by 36 whose product is as small as possible Enter your...

Calculus
Q

Problem 6-18A Alternative cost flowsperiodic LO8 Synergy Company began 2020 with 14,500 units of Product...

Accounting
Q

Duerr Company makes a $60,000, 60-day, 12% cash loan to Ryan Co. The note and...

Accounting
Q

tof financial position for Blossom, Inc.follow Note Xto the Statement of Cash Flows: During the...

Accounting
Q

8.8. The working capital ratio for Butler Business has progressively increased from 1.2 times to...

Accounting
Q

A company had the following transactions. a. The company finished a large contract for a...

Accounting
Q

The Speith Co. and the McIlroy Co. have both announced IPOs at $79 per share....

Finance