Save & E A machine with a cost of $136,000 and accumulated depreciation of $88,000 is sold for $56,000 cash. The cash flow amount the should be reported in the operating activities section reported under the direct method is:

Equipment that had been acquired several years ago by a special revenue fund at a cost of $40,000 was sold for $15,000 cash. Accumulated depreciation of $30,000 existed at the time of the sale. What would be journal entry that should be made in the special revenue fund (in debit and credit form)?

Information has been collected regarding Orange Company’s cash-generating unit that includes goodwill. At 31 December 20X5, the assets of the Orange Company’s cash-generating unit are shown as follows (in millions) on the company’s SFP:    Cost   Accumulated Depreciation   Net Book Value   Goodwill $ 1,360     $ 0       $ 1,360     Equipment   4,850       3,150         1,700     Building   7,320       2,330         4,990     Patent rights   1,290       320         970       $ 14,820     $ 5,800       $ 9,020           An impairment test indicates that the recoverable amount assigned to the assets of this CGU is $6,200 million. The assets are not separable—they must be operated or sold together as a group.Required:1. Prepare an adjusting journal entry to record the impairment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate percentage answers to the nearest whole number (i.e.…

A machine with a cost of $138,000 and accumulated depreciation of $93,000 is sold for $54,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $54,000. $9,000. $45,000. Zero. This is a financing activity. Zero. This is an operating activity.