Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a corporation uses the indirect method of preparin

A corporation uses the indirect method of preparing the statement of cash flows. A fixed...

90.2K

Verified Solution

Question

Accounting

A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $23,245, representing a gain of $3,629. The value of this transaction appearing in the operating activities section of the statement of cash flows is

a.$(3,629)

b.$26,874

c.$19,616

d.$23,245

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

Accounting
1.2K views

This question has 2 parts.Assignment DetailsFinal Project OverviewThroughout this course, you have learned...This question...

Chemistry
1.2K views

A certain material's temperature increases by 1.0 C for every 1560J that it gains. A 0.1964g...

Physics
1.2K views

Kristi Yamaguchi a former figure skater who is the 1992 Olympic Champian, a two-time World Champian...

Mechanical Engineering
1.2K views

What are the similarities and differences with AutoCAD and Solid Works? Any pros or cons to using...

Biology
1.2K views

O Anaphase Il O Anaphase I O Metaphase II

Biology
1.2K views

Define zygote

Physics
1.2K views

hrw8c11p21 What is the net torque about the origin on a flea located at coordinates...

Physics
1.2K views

Q6 There is no SI base unit for area because O A We live in...

Algebra
1.2K views

The price of a jumper is 29 It is reduced by 15 in a sale...

Accounting
1.2K views

12/31/2015 9300 Dellau are left for food in the indetery 12/21/zas $23,000 Dollare in pige...

Accounting
1.2K views

Padre, Inc, buys 80 percent of the outstanding common stock of Sierra Corporation on January...

Accounting
1.2K views

Since you know dividends (5,000) and you know the net change in Retained earnings..(40,000), you...