The F Company sold the land for $86,000 in cash. The land was originally purchased for $56,000, and at the time of the sale, $17,000 was still owed to First National Bank on that purchase. After the sale, The F Company paid off the loan to First National Bank. What is the effect of the sale and the payoff of the loan on the accounting equation? 1. assets increase by $20,000; liabilities decrease by $15,000; owner's equity increases by $5,000 2. assets increase by $60,000; liabilities decrease by $15,000; owner's equity increases by $20,000 3. assets increase by $13,000; liabilities decrease by $17,000; owner's equity increases by $30,000 4. assets increase by $20,000; liabilities decrease by $15,000; owner's equity increases by $35,000

Kendall Corners Inc. recently reported net income of $2.9 million and depreciation of $700,000. What was its net cash flow? Assume it had no amortization expense. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round you answer to the nearest dollar.

Return on assets The financial statements of The Hershey Company (HSY) are shown in Exhibits 6 through 9. Based upon these statements, answer the following questions. 1. What are Hershey's sales (in millions)?   2. What is Hershey's cost of sales (in millions)?   3. What is Hershey's net income (in millions)? 4. What is Hershey's percent of the cost of the sales to sales? Round to one decimal place.   5. The percent that a company adds to its cost of sales to determine the selling price is called a markup. What is Hershey's markup percent? Round to one decimal place.   6. What is the percentage of net income to sales for Hershey? Round to one decimal place.   7. Hershey had total assets of $5,554 (millions) at the beginning of the year. Compute the return on assets for Hershey for the year shown in Exhibits 6–9. Round to one decimal place.

44.On December 31, 2020, Empresas La Sidrita acquired a building. La Sidrita paid a third of the purchase price in cash and signed a note payable with the seller for the difference. The company closes books on December 31. In the Statement of Cash Flows for 2020, how much will La Sidrita report in the investment activities section?   Select one: a. The purchase price of the building. b. Only cash paid. c. Zero. d. The principal of the document payable.