Use the Following Company Information to Calculate Its Net Cash

question 69

Essay

Use the following company information to calculate its net cash provided or used by investing activities:
(a) Equipment with a carrying amount of $125,000 and an original cost of $220,000 was sold at a gain of $22,000.
(b) Paid $49,000 cash for a new truck.
(c) Sold land costing $30,000 for $26,000 cash, realizing a $4,000 loss.
(d) Purchased treasury shares for $53,000 cash.
(e) Long-term investments in shares are sold for $41,000 cash, realizing a gain of $3,500.

Understand the concepts of core, peripheral, and semiperipheral countries within the world system theory.

Recognize the impact of globalization on economies and societies.

Identify examples of antiglobalization movements and their causes.

Describe the conditions and challenges faced by people living in underdeveloped or developing areas.

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Definitions:

Fair Value Through Profit or Loss

An accounting approach where financial assets are valued at their current market price, with changes in fair value reported in the profit or loss statement.

Journal Entries

The record of financial transactions in the books of accounts in chronological order, showing the accounts and amounts debited and credited.

Significant Influence

The power to participate in the financial and operating policy decisions of a business, without controlling it.

Common Shares

Equity investments that represent ownership in a company, giving holders voting rights and a share in the company's profits through dividends.