A building with a book value of $46,349 is sold for $61,396 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a. $46,349 in the investing activities section and an addition of $15,047 to net income in the operating activities section b. $61,396 in the investing activities section and a deduction of $15,047 from net income in the operating activities section c. $46,349 in the investing activities section d. $61,396 in the investing activities section
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- A building with a book value of $43,555 is sold for $59,366 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a $43,555 in the investing activities section b. $59,366 in the investing activities section Oc$59,366 in the investing activities section and a deduction of $15,811 from net income in the operating activities section Od $43,555 in the investing activities section and an addition of $15,811 to net income in the operating activities sectionA building with a book value of $36,213 is sold for $60,055 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.$36,213 from investing activities b.$60,055 from investing activities and a deduction from net income of $23,842 c.$36,213 from investing activities and an addition to net income of $23,842 d.$60,055 from investing activitiesA building with a book value of $35,892 is sold for $53,310 cash. Using the indirect method, choose how this transaction should be shown on the statement of cash flows. Select the correct answer. -an increase of $53,310 from investing activities and a deduction from net income of $17,418 -an increase of $35,892 from investing activities -an increase of $53,310 from investing activities -an increase of $35,892 from investing activities and an addition to net income of $17,418
- Proceeds from the sale of equipment by Perkins Nonprofit were $100. The equipment had a historical cost of $500 and accumulated depreciation of $375. Show which section of the statement of cash flows (using the indirect method) where amounts related to this transaction would appear, including direction and amount.Use the Indirect Method to calculate the Cash Flow form operation activities, when net income is 100,000 and depreciation amount is 4500. Additionally, the beginning of period balance for accounts receivable, Inventory and Accounts Payable are 5600, 4500 and 3500, respectively. While, the End of period balances for accounts receivable, Inventory and Accounts Payable are 8100, 3500 and 4800, respectively.Strawbale, Incorporated purchases a $329,800 building, paying $228,000 in cash and signing a $101,800 promissory note. What will be reported on the statement of cash flows as a result of this transaction? Multiple Choice A $228,000 cash outflow from investing activities and a $101,800 noncash transaction A $329,800 cash outflow from investing activities A $228,000 cash outflow from investing activities and a $101,800 cash inflow from financing activities A $329,800 cash outflow from investing activities and a $101,800 cash inflow from financing activities
- If a loss of R.O.5,000 is incurred in selling (for cash) office equipment having a book value of R.O.100,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one: O a. R.O.95,000. O b.R.O.115,000. c. R.O.15,000. O d. d. R.O.100,00o,Shepherd Nonprofit had the following information related to its investment balances during the fiscal year ended June 30, 2021. Beginning investments $1,200,000 en Ending investments $1,460,000 Purchases of investments $500,000 Proceeds from sale of investments $220,000 Realized loss on sale of investments $30,000 Report the section(s) in the statement of cash flows (using the indirect method) where investment transactions would appear, including the direction and amount associated with each.If a gain of $8,081 is realized in selling (for cash) office equipment having a book value of $62,903, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:
- If a gain of $8,077 is realized in selling (for cash) office equipment having a book value of $59,041, the total amount reported in the investing activities section of the statement of cash flows is?On the statement of cash flows prepared using the indirect method, a $7,500 gain on the sale of fixed assets would be O a. deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends O b. deducted from net income in converting the net income reported on the income statement to cash flows from operating activities OC. added to net income in converting the net income reported on the income statement to cash flows from operating activities O d. added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividendsUse the following excerpts from Nutmeg Company's financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year Purchased land this year Sold investments this year Original cost of investments that were sold $83,700 20,000 31,500 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities Net cash flows from investing activities