Business, 21.03.2020 04:14 marley5818

Madison Company owned an asset that had cost $44,000. The company sold the asset on January 1, 2016 for $16,000. Accumulated depreciation on the day of sale amounted to $32,000.

Based on this information, the sale would result in:

A. A $16,000 cash inflow in the investing activities section of the cash flow statement.

B. A $16,000 increase in total assets.

C. A $4,000 gain in the investing activities section of the statement of cash flows.

D. A $4,000 cash inflow in the financing activities section of the cash flow statement.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:30

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Answers: 2

Answer

Business, 22.06.2019 14:00

Which of the following would be an accurate statement about achieving a balanced budget

Answers: 1

Answer

Business, 22.06.2019 15:00

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Answers: 3

Answer

Business, 22.06.2019 20:20

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.

Answers: 2

Answer

You know the right answer?

Madison Company owned an asset that had cost $44,000. The company sold the asset on January 1, 2016...

Questions