Cash proceeds of $72,000 include a $12,000 gain on the sale of land and the $60,000 cost (book value) of the land. Which of the following is false? a. The entire cash proceeds appear as a cash inflow in the operating activities section. b. The entire cash proceeds appear as a cash inflow in the investing activities section. c. The $12,000 gain is deducted from net income in the operating activities section. d. The book value does not appear as a cash inflow or outflow anywhere on the statement.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Cash proceeds of $72,000 include a $12,000 gain on the sale of land and the $60,000 cost (book value) of the land. Which of the following ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why do basketball players switch teams? Why do they have to sign a paper when they do that?
Answers (1)
While cultural differences and bureaucratic paperwork for foreign governments make the prospect of global trade difficult for small businesses, there is one bright spot on the horizon that has brought global trade closer to home.
Answers (1)
Dee's suggestion that the company needed more control over the way its products were displayed, priced, and promoted prompted a lot of discussion.
Answers (1)
As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?
Answers (1)
The transferring of business functions or processes to other companies has traditionally been known as ch12 Select one: a. Joint venture. b. Partnering. c. Downsizing. d. Outsourcing. e. Subcontracting.
Answers (1)
New Questions in Business
Ms. Liu shares her web data with you, which shows that she has an average of 500 daily page views during the weekdays, and an average of 1,200 daily page views on the weekends. Each time someone loads one of her pages, it counts as a page view.
Answers (1)
Net income $ 209,600 Preferred stock outstanding, 12% cumulative $ 80,000 Market price per share of common stock $ 24.
Answers (1)
One practical reason that economists use percentages to measure elasticity is: a. that more complicated calculations tend to be more accurate b. to convert elasticities to the dollar units c. to convert units to the metric system d.
Answers (1)
Sometimes, while on the job at dairy king, jimmy forgets to ask, "do you want fries with that?" when customers order burgers. the fact that some customers are surprised by jimmy's behavior can be explained by
Answers (1)
Which of the following is the least risky? collectables, stock, savings bond, or savings account?
Answers (1)