Recent Posts • Latest Topics • Unanswered Questions

A company reported beginning plant assets, net of depreciation, of $655,000; and, an ending amount o

bernie2981

wrote...

Go to Answer

Posts: 3810

Rep:

8 years ago

A company reported beginning plant assets, net of depreciation, of $655,000; and, an ending amount o

A company reported beginning plant assets, net of depreciation, of $655,000; and, an ending amount of $732,550. Depreciation expense of $48,400 and a loss on the sale of equipment of $5,500 were reported on the income statement. The company acquired $213,800 of plant assets during the year. How much will be reported as cash received from the sale of equipment in the investing activities section of the statement of cash flows?
A) The cash received upon the sale of the equipment was $130,750.
B) The cash received upon the sale of the equipment was $93,350.
C) The cash received upon the sale of the equipment was $87,850.
D) The cash received upon the sale of the equipment was $82,350.

Textbook

Managerial Accounting

Edition: 4^th

Author: Braun

Read 405 times

1 Reply

Report

Replies

Answer verified by a subject expert

nuclei

wrote...

Related Topics

bernie2981 Author

wrote...

8 years ago

Thanks for your help!!

sakoon

wrote...

Yesterday

This site is awesome

fgarza2146

wrote...

2 hours ago

Correct

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

692 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

493

515

178

Your Opinion

Previous poll results: What's your favorite funny biology word?

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.