Based on the following information, compute cash flows from investing activities under GAAP. Cash collections from customers $ 760 Purchase of used equipment 180 Depreciation expense 180 Sale of investments 410 Dividends received 120 Interest received 180

Based on the following information, compute cash flows from investing activities under GAAP. Cash collections from customers $ 760 Purchase of used equipment 180 Depreciation expense 180 Sale of investments 410 Dividends received 120 Interest received 180

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Based on the following information, compute cash flows from investing activities under GAAP.

Cash collections from customers	$ 760
Purchase of used equipment	180
Depreciation expense	180
Sale of investments	410
Dividends received	120
Interest received	180

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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ans in txt form
Shepherd Nonprofit had the following information related to its investment balances during the fiscal year ended June 30, 2021. Beginning investments $1,200,000 en Ending investments $1,460,000 Purchases of investments $500,000 Proceeds from sale of investments $220,000 Realized loss on sale of investments $30,000 Report the section(s) in the statement of cash flows (using the indirect method) where investment transactions would appear, including the direction and amount associated with each.
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