Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 6.00

Star Media

The Plant assets account of Star Media shows the following:

Plant assets, net

Beg 80,000

Purchase 428,000

Depr 34,000

Sale 42,000

End 432,000

  

Q6. Star Media sold plant assets at an $11,000 loss. Where on the statement of cash flows should Star Media report the sale of plant assets? How much should the business report for the sale?

    1. Financing cash flows—cash receipt of $42,000

    2. Investing cash flows—cash receipt of $53,000

    3. Investing cash flows—cash receipt of $31,000

    4. Investing cash flows—cash receipt of $42,000

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 05:08 PM My Price 6.00

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