Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if a gain of $8,866 is realized in selling (for ca

If a gain of $8,866 is realized in selling (for cash) office equipment having a...

80.2K

Verified Solution

Question

Accounting

If a gain of $8,866 is realized in selling (for cash) office equipment having a book value of $62,980, find the total amount reported in the cash flows from investing activities section of the statement of cash flows.

Select the correct answer.

$62,980

$71,846

$8,866

$54,114

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

Advance Math
1.2K views

Consider a damped forced mass-spring system with m = 1, γ = 2, and k =...

Operations Management
1.2K views

Describe the requirements approvals for facilities projects at schools including such items as institutional approval, building permits,...

Basic Math
1.2K views

1 24 9 2 6 3 2 35 17 2 5 3 4 9 3...

Calculus
1.2K views

In Exercises 57-62, write the slope-intercept equations of the lines through the given point (a)...

Calculus
1.2K views

How do you graph the polar curve r 6 sin 0 Drag an equation variable...

Calculus
1.2K views

An investment of $45,000 earns 6% annual interest and is compounded semiannually. If no funds...

Calculus
1.2K views

Solve the logarithmic equation for x as in Example 7 Enter your answers as a...

Accounting
1.2K views

During 20X4, the Pencil Corp. entered into negotiations to buy Stilo Company, finally...

Accounting
1.2K views

How should the discount be allocated to the elements of the...

Accounting
1.2K views

Cash budgeting for Birtle Apple Company, a merchandising firm, is done on a monthly basis....

Accounting
1.2K views

arsley (GLAS)-F18/Ch8 graded Exercise 8-11 Your answer is partially correct. Try again. These transactions took...

Accounting
1.2K views

QUESTION 13 Formulas for Recelvable Gross Profits Sales Revenue. Select the appropriate formula from above...