Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alliance inc, in 2020, purchased machinery for $80

Alliance Inc, in 2020, purchased machinery for $800000. In addition, It received dividends of $30000...

90.2K

Verified Solution

Question

Accounting

Alliance Inc, in 2020, purchased machinery for $800000. In addition, It received dividends of $30000 on investment in shares. The company also sold an old machine with a book value of $66000 at a loss of $20,000. The company obtained a loan of $110000, Compute the following:

Inflows from investing activities

Answer for part 1 Outflows from investing activities

Answer for part 2 Net cash flow from investing activities

Answer for part 3

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

Basic Math
1.2K views

Child Health and Development Studies (CHDS) has been collecting data about expectant mothers in Oakland, CA...

Psychology
1.2K views

What is a deontological theory? a theory about proper dental care a theory assessing the overall consequences...

Advance Math
1.2K views

Winkler Furniture manufactures two different types of china cabinets: a French provincial model and a Danish...

Biology
1.2K views

Ih which area of the diagram is most of Earth s phosphorus stor CVDL X...

Physics
1.2K views

Fill in the missing words and values. A child with a weight of 178 N...

Geometry
1.2K views

At what point do the curves r t t 5 t 35 t and r...

Basic Math
1.2K views

The three sides of a triangle are n, 3n - 1, and 2n + 1....

Calculus
1.2K views

Rylan enjoys adding her own toppings to a frozen pizza She bakes her frozen pizza...

Accounting
1.2K views

Blossom Manufacturing produces basketballs used for indoor and outdoor games. The company has...

Accounting
1.2K views

I have a question about balance sheet entries in construction accounting. How are sub contractors...

Accounting
1.2K views

During the year ended December 31,2021, Kellys Camera Shop had sales revenue of $135,000, of...

Accounting
1.2K views

What term is used to describe accounting standards that encourage risk-taking in financial reporting?