Multiple Choice
A machine with a cost of $130,000, current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The total amount that should be reported in the operating section of the statement of cash flow as per indirect method is:
A) $17,000.
B) $22,000.
C) $57,000.
D) $4,000.
E) $21,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q207: The cash flow on total assets ratio
Q208: Preparation of the statement of cash flows
Q209: In preparing a company's statement of
Q210: When preparing a statement of cash flows
Q211: The purchase of stock in another company
Q213: Financing activities include (a) the purchase and
Q214: The direct method for the preparation of
Q215: The appropriate section in the statement of
Q216: When preparing the operating activities section of
Q217: Match each of the following items with