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NEW QUESTION: 1
MacDonald Inc. reported net income of $300,000 for 1996. Changes occurred in several balance sheet accounts as follows:
Equipment $25,000 increase
Accumulated depreciation 40,000 increase
Note payable 30,000 increase
Additional information:
During 1996, MacDonald sold equipment costing $25,000, with accumulated depreciation of $12,000, for a gain of $5,000.
In December 1996, MacDonald purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000.
Depreciation expense for the year was $52,000.
In MacDonald's 1996 statement of cash flows, net cash used in investing activities is ________.
A. $18,000
B. $12,000
C. $2,000
D. $20,000
E. $32,000
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The purchase and sale of equipment are investing activities. The firm spent $20,000 cash to buy equipment and received $18,000 cash (net book value was $13,000 plus $5,000 gain) by selling its old equipment. Therefore, the net cash used in investing is $2,000. The issuance of a note payable is part of the acquisition price of equipment and is classified as a noncash financing and investing activity.
NEW QUESTION: 2
A. Option D
B. Option C
C. Option B
D. Option A
Answer: A
Explanation:
About delivery schedules [AX 2012] *Use the delivery schedule functionality when you want to split a sales order, purchase order, or sales quotation order line into several order lines. Each order line is called a delivery line. Two or more delivery lines make up one delivery schedule. The delivery lines can vary in delivery dates, quantities, mode of delivery, and storage dimensions such as site and warehouse.
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NEW QUESTION: 3
Click the exhibit button.
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A. Router R1 has the incorrect authentication key type.
B. There is not enough information to tell.
C. Router R3 has the incorrect authentication key type.
D. Area 1 of router R1 should not be configured as a stub.
Answer: A
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