Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. valdez company sold land that had cost 48 000 for

Valdez Company sold land that had cost 48 000 for 60 000 cash Which of...

80.2K

Verified Solution

Question

Basic Math

image

Valdez Company sold land that had cost 48 000 for 60 000 cash Which of the following statements is true about this transaction Multiple Choice 60 000 would appear as a cash Inflow from Investing activities The 12 000 gain would be subtracted from net Income the operating activities section using the direct method The 12 000 gain would be subtracted from net Income in the operating activities section prepared using the Indirect method and 60 000 would be reported as a cash Inflow from Investing activities 2000 would annear as a cash Innow from Investing activities and 12 000 would be added in the operating activities section using the Indirect method

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

Statistics
1.2K views

A dice game involves throwing three dice and betting on one of the six numbers...

Chemistry
1.2K views

An agricultural runoff diversion system discharges into a small river. The runoff has thefollowing characteristics: flow...

Psychology
1.2K views

Do you think there is a causative relationship between the use of electronic screens and the...

Advance Math
1.2K views

Example 3.5: Again let X = Y = R. Define g by g(x) = x2....

General Management
1.2K views

Have you ever been through a change initiative (large or small) at your place of work?...

Basic Math
1.2K views

An orchard owner has shown that if 25 apple trees are planted in one acre,...

Calculus
1.2K views

onvert the quantity to the indicated 17 3 L to pints 7 3 L pints...

Calculus
1.2K views

4 3 U9 Carbon dioxide is produced by combustion of biomass and fossilized organic matter...

Accounting
1.2K views

On June 30th (the end of the period) Brown company has a credit balance of...

Accounting
1.2K views

Green Corporation is required to change its method of accounting for federal income tax purposes....

Accounting
1.2K views

Calculate the deduction for the decline in value using the prime cost method of a...

Finance
1.2K views

Which of these statements about how the profitability index is used in capital budgeting is...