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Lerok [7]
1 year ago
6

Fizzzle Inc. sold a piece of equipment during the period for $230,000 and recorded a gain of $45,000 on the sale. How should thi

s gain be treated when preparing the operating activities section of the statement of cash flows using the indirect method?
Business
1 answer:
saw5 [17]1 year ago
4 0

Answer:

The gain is subtracted from net income in the operating activities section

Explanation:

Given that

Sale value of an equipment = $230,000

And, the gain on the sale = $45,000

So by considering the above information

We can say that the Sale value of an equipment is shown in the investing activities as a cash inflow while the gain on the sale is to be subtracted from the net income in the operating activities and if there is a loss than it would be added to the net income

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The spread between the interest rates on Baa corporate bonds and U.S. government bonds is very large during the Great Depression
Ray Of Light [21]

Answer:

During the Great Depression many businesses failed.  The default risk for the corporate  bond increased compared to the default-free Treasury bond.  The demand for corporate bonds decreased while the demand for Treasury bonds increased resulting in a larger risk  premium.

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5 0
2 years ago
Red and White Company reported the following monthly data: Units produced 2,100 units Sales price $ 26 per unit Direct materials
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2 years ago
The flexible or telecommuting schedule is most likely an option offered in:
yan [13]
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4 0
2 years ago
Which are the roles of a bank? Check all that apply.
andrezito [222]
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I hope this helps!

5 0
2 years ago
The Bella Capri runs as an Italian restaurant that specializes in freshly prepared cooked meals. It is located in premises on a
saul85 [17]

Answer:

The answer is $1000.

Explanation:

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I hope this answer helps.

6 0
2 years ago
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