Multiple Choice
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $25,000 representing a gain of $4,500. The value in the operating activities section regarding this event would be
A) $25,000
B) $(4,500)
C) $29,500
D) $4,500
Correct Answer:
Verified
Correct Answer:
Verified
Q2: In calculating cash flows from operating activities
Q3: Cash receipts received from the issuance of
Q4: Depreciation on factory equipment would be reported
Q5: The operating cash flow available for company
Q6: Under the indirect method, expenses that do
Q8: To determine cash payments for merchandise for
Q9: On the statement of cash flows, the
Q10: Land costing $140,000 was sold for $173,000
Q11: Which of the following increases cash?<br>A) depreciation
Q12: Under the direct method of reporting cash