This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Lionworks, Inc. sold a machine for $39,000, which represents a gain of $6,000. How would this ... (Read 24 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Feb 19, 2020
Lionworks, Inc. sold a machine for $39,000, which represents a gain of $6,000. How would this transaction be reflected on the Statement of Cash Flows under the indirect method?
◦ A cash inflow of $33,000 in the investing section
◦ A subtraction of $6,000 from net income in the operating section and a cash inflow of $39,000 in the investing section
◦ A cash inflow of $39,000 in the operating section
◦ An addition of $6,000 to net income in the operating section and a cash inflow of $39,000 in the investing section
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by vinney12 on Feb 19, 2020

blakcmamba

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Feb 19, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 44% of students answer this correctly


vinney12

  • Member
  • Posts: 586
Reply 2 on: Feb 19, 2020
Excellent

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

A Wave Machine Generating Electricity off the Coast of Portugal A Wave Machine Generating Electricity off the Coast of Portugal
American women operating machine lathes in a munitions factory. American women operating machine lathes in a munitions factory.
Dialysis machine showing diffusion of concentrations, which are the same, between the patient’s ... Dialysis machine showing diffusion of concentrations, which are the same, between the patient’s ...
How to determine if a table of values represents a function How to determine if a table of values represents a function
Which reaction below represents Th decay by alpha emission? Which reaction below represents Th decay by alpha emission?
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library