Ask Question
BusinessBusiness
10 November, 09:36

Cine Creation sold plant assets at a $ 16 comma 000 loss. Where on the statement of cash flows should Cine Creation report the sale of plant assets? How much should the business report for the sale?

+1
Answers (1)
  1. 10 November, 12:34
    0
    1. On the statement of cash flow record the sale of the asset under the investment section.

    2. - $16,000

    Explanation:

    In Cash flow Statements every asset purchases and sales are viewed as investments, so you record asset sales in the investment section of the cash flow.

    Therefore the exact value of the sales is recorded.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cine Creation sold plant assets at a $ 16 comma 000 loss. Where on the statement of cash flows should Cine Creation report the sale of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When the corporation is harmed by the actions of a third party, the directors can bring a lawsuit in the name of the corporation against that party. a. true b. false?
Answers (2)
Pqr stock is selling for $66 a share. an $72 call on this stock is priced at $1.00. what is your maximum profit and maximum loss if you buy the stock and write the call?
Answers (1)
Skin is relatively waterproof because of:
Answers (1)
Bear Tracks, Inc., has current assets of $2,250, net fixed assets of $10,100, current liabilities of $1,390, and long-term debt of $4,060.
Answers (1)
a. The initial money supply is $1,000, of which $500 is currency held by the public. The desired reserve-deposit ratio is 0.2. Find the increase in money supply associated with increases in bank reserves of $1, $5, and $10.
Answers (1)
New Questions in Business
If in response to a spreading recession, the President calls for an increase in investment spending by businesses, which of the following would be the best policy mix to accomplish this goal without increasing the output level?
Answers (1)
What is monopoly market? Write its disadvantages?
Answers (1)
The Boeing Company buys $3 million worth of steel, $2.5 million worth of computer hardware and software, and $1 million worth of mechanical tools to manufacture a certain model of aircraft.
Answers (1)
The product variable of the marketing mix can include all of the following except: a. consumer perception of the product price. b. development of product packaging. c. repair services. d. creation of brand names. e. warranty issues
Answers (1)
Shelley is self-employed in Texas and recently attended a two-day business conference in New Jersey. After Shelley attended the conference, she had dinner with an old friend who lived nearby. Shelly documented her expenditures (described below).
Answers (1)
Home » Business » Cine Creation sold plant assets at a $ 16 comma 000 loss. Where on the statement of cash flows should Cine Creation report the sale of plant assets? How much should the business report for the sale?
Sign Up Forgot Password?