Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in a statement of cash flows, if a piece of equipm

In a statement of cash flows, if a piece of equipment with a book value...

50.1K

Verified Solution

Question

Accounting

In a statement of cash flows, if a piece of equipment with a book value of $450,000 is sold for $500,000, which impact is correctly reported below?

cash inflows from investing activity $500,000

cash outflows from investing activity $450,000

cash inflows from investing activity $50,000

cash outflows from investing activity $50,000

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

The 1909 Baker shown by Jay Leno is an early example of an electric car...

Biology
Q

A model rocket is fired vertically upward from rest. Its acceleration for the first three seconds...

Basic Math
Q

Hand draw the following transformations step by step, including all intermediates. Ideally, also show electron pushing A....

Chemistry
Q

One species evolves to adapt to the presence of a new predator by increasing its...

Biology
Q

The formal system for classifying and naming microorganisms was developed by a Carolus Linnaeus b...

Biology
Q

133 If the block is pulled by the rope moving wit speed v as shown...

Physics
Q

the normal distribution shown below The mean of the distribution is 77 3 points and...

Statistics
Q

company claims that a fast food restaurant chain receives on average 24 pounds of meat...

Statistics
Q

Cash Account Titles Grouper Company Worksheet (Partial) For the Month Ended April 30, 2022...

Accounting
Q

masey Corporation purchased a piece of land for $50,000. Masey pay attorney fees of $5,000...

Accounting
Q

For each of the following separate cases, prepare adjusting entries required of flnancial statements for...

Accounting
Q

Trevor is an aspiring baker who eventually hopes to leave his current full-time job and...

Accounting