Wildhorse Company reported a loss of $1586 for the sale of equipment for cash. The equipment had a cost of $39040 and accumulated depreciation of $35990. How much will Wildhorse report in the cash flows from investing activities section of its statement of cash flows?

Atkins Corporation has provided the following information for the year ended December 31, 2019:• The equipment account balance increased $200,000.• The equipment accumulated depreciation account increased $35,000.• Equipment costing $50,000 was sold during the year resulting in a $10,000 gain.• Depreciation expense on the equipment recorded during the year was $65,000. Which of the following statements is incorrect with respect to preparation of the statement of cash flows? Assume that the equipment purchase and sale resulted in cash flows.  A. A $60,000 cash inflow is reported from the equipment sale. B. Using the indirect method, net income is increased by the $65,000 depreciation expense. C. Using the indirect method, net income is decreased by the $10,000 gain on the sale of the equipment. D. A $30,000 cash inflow is reported from the equipment sale.

The net income for Swifty Corporation for 2022 was $260,100. For 2022, depreciation on plant assets was $67,800, and the company incurred a loss on disposal of plant assets of $27,100. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000)) Ⓒ

Hi-Tech, Inc., reports net income of $70 million. Included in that number are depreciation expense of $6 million and a loss on the sale of equipment of $2 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $3 million, $4 million, and $5 million, respectively. What are Hi-Tech’s net cash flows from operating activities?

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Fidelity Systems reports net income of $81 million. Included in that number is depreciation expense of $9 million, and a gain on the sale of equipment of $2 million. Records reveal increases in Accounts Receivable, Inventory, and Accounts Payable of $3 million, $3 million, and $2 million, respectively. Calculate Fidelity's net cash flows from operating activities using the indirect method. (Negative value should be indicated by minus sign. Enter your answer in millions.) Net cash flows from operating activities million

During 2023, Bird Company sold a building with a book value of $162.093 for proceeds of $179.332. The company also sold long-term investments for proceeds of $33.521. The company purchased land and a new building for $365,175 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2023. Instructions Compute net cash flows from investing activities.

Silverago Incorporated, an international metals company, reported a loss on the sale of equipment of $2 million in 2010. In addition, the company’s income statement shows depreciation expense of $8 million and the cash fl ow statement shows capital expenditure of $10 million, all of which was for the purchase of new equipment. Using the following information from the comparative balance sheets, how much cash did the company receive from the equipment sale? Balance Sheet Item 12/31/2009 12/31/2010 Change Equipment $100 million $105 million $5 million Accumulated depreciation—equipment $40 million $46 million $6 million A . $1 million.

2. Use the following excerpts from Fromera Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. https://opentextbc.ca 2018 Financial Statement 299,000 135,000 Sales Cost of goods sold Operating expenses, other than depreciation expense Depreciation expense Gain on sale of plant assets 27,000 17,000 16,500 136,500 Net Income Dec. 31, 2017 43,400 1,800 21,250 1,150 Dec. 31, 2018 45,300 1,600 22,500 900 Accounts receivable Inventory Accounts payable Accrued liabilities 3. Using the data in No. 2, compute the following: a. Current cash debt coverage ratio b. Free Cash Flow