Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cougar corp. sold a vehicle on december 31. the ve

Cougar Corp. sold a vehicle on December 31. The vehicle had an original cost of...

90.2K

Verified Solution

Question

Accounting

Cougar Corp. sold a vehicle on December 31. The vehicle had an original cost of $85,000. Over its life, the vehicle was depreciated $65,000. When the vehicle was sold, Cougar Corp. recorded a gain of $10,000. What amount will appear in the investing activities section of the cash flow statement as a result of this transaction?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Pronghorn Inc. owns and operates a number of hardware stores inthe New England region....

Accounting
Q

Using the Cu-Ni phase diagram (Callister, Chap.9, pp. 288) estimate the following quantities for a nominal    composition...

Chemistry
Q

The question is very clear. An independent agency is governed by a board of commissioners, one of...

General Management
Q

c d 14 2 A 82 A battery an open switch and a resistor are...

Physics
Q

1 Kristina walks from her house around the park to the store She is interested...

Basic Math
Q

Round to the nearest hundredth when necessary If a rectangular prism with a length of...

Statistics
Q

The graph of y f x is shown to the right Graph y f x...

Calculus
Q

Ahmed is working as 7 hours/day and 5 days...

Accounting
Q

Norfolk Sports Company (NSC), a sports items manufacturer in Norfolk, VA produces basketball and basketball...

Accounting
Q

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and...

Accounting
Q

Problem 12-28 (LO 12-2) (Static) [The following information applies to the questions displayed below] Yost...

Accounting
Q

Credit $ 2,000 112 2,600 153 212 1,200 700 10,000 3,950 $20,450 P3-5 (LO 2,...

Accounting