Selected information from Curl Salon’s accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire equipment = $20 Treasury stock purchased for cash = $22 Proceeds from sale of land and buildings = $45 Gain from the sale of land and buildings = $16 Interest and dividends received on investments = $33 Cash paid to acquire office equipment = $40 Curl uses USGAAP. On its statement of cash flows, the company should report net cash flows from investing activities of:
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Ответ:
The multiple choices are:
$15 million net outflow
$37 million net outflow
$30 million net inflow
$ 1 million net inflow
The cash option is$15 million net cash outflow
Explanation:
The net cash flows from the investing activities that Curl Salon should record comprises of cash paid to acquire equipment,proceeds from sale of land and buildings,dividends received from investment as well as cash paid to acquire office equipment,which are summarized below:
$ millions
Cash paid to acquire equipment (20)
proceeds from land and building 45
cash paid for office equipment (40)
cash outflow (15)
The correct option is an outflow of $15 million
Ответ:
This is a little hard to read but:
Youth savings - schools often sponsor it
Stock-indexed - rate rises and falls with the market
Credit Union - members own it
Online Account - minimal overhead means higher interest