Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during the year, equipment was sold for $80,000, a

During the year, equipment was sold for $80,000, and a $5,000 gain was recorded. How...

70.2K

Verified Solution

Question

Accounting

During the year, equipment was sold for $80,000, and a $5,000 gain was recorded. How is this transaction reported on the statement of cash flows? a. inflow of 80,000 from investing; reduce cash $5,000 from operating b. only an inflow of cash of $80,000 from investing c. inflow of $80,000 from investing; increase cash from operating by $5,000 d. inflow of $80,000 from investing; reduce cash $5,000 from financing

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

2 Find the area of the following shaded region 13 22

Geometry
Q

you are gicen the following information for hendrix guitars inc. profit margin 5.7, total asset turnover...

Finance
Q

When Buying a Lotto Ticket What are my odds? a. Calculate your odds of winning if...

Basic Math
Q

1 The outer faces of a rectangular slab made of equal thickness of iron and...

Physics
Q

2 The figure below is a representation of a simple harmonic YA progressive wave progressing...

Physics
Q

7 Match the graph of each function to its domain and range listed below a...

Basic Math
Q

laker company uses a perpetual inventory system and reported the following january purchases and sales...

Accounting
Q

Fart B Probkm () 07 sarke Dabail Company was organised on ne ondertoevalualeand comol inventory...

Accounting
Q

Stone Company is facing several decisions regarding investing and financing activities. Address each decision independently....

Accounting
Q

Strong Metals Incorporated purchased a new stamping machine at the beginning of the year at...

Accounting
Q

Is there a rational set of criteria in deciding whether or not) to outsource

Accounting
Q

Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations....

Finance