Cameron Corporation purchase land for $434,000. Later in the year, the company sold a different piece of land with a book value of $182,000 for $202,000. How are the effects of these transactions Reported on the statement of cash flow is assuming the indirect method is used?

Kk.206.

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)) Ⓒ

Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of the current year.  Furthermore, assume that the balance of Accounts Payable is $65,000 at the end of the current year.  When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT                                                                                           Increase                                                                                     (Decrease)      Net Income (loss)                                                         $XXX Adjustments to reconcile net income to net cash flow        from operating activities:    Depreciation of fixed assets                                       XXX    Losses on disposal of assets                                      XXX    Gains on disposal of…