A. The loss on the cash sale of equipment was $4,375 (details in b).B. Sold equipment costing $97,875, with accumulated depreciation of $47,125, for $28,625 cash. C. Purchased equipment costing $113,375 by paying $64,000 cash and signing a long-term note payable for the balance. D. Borrowed $5,700 cash by signing a short-term note payable. E. Paid $58,625 cash to reduce the long-term notes payable. F. Issued 4,200 shares of common stock for $20 cash per share. G. Declared and paid cash dividends of $53,500.Prepare a complete statement of cash flows; report its operating activities using the indirect method.
Answers: 3
Business, 22.06.2019 06:40, jesh0975556
After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?
Answers: 1
A. The loss on the cash sale of equipment was $4,375 (details in b).B. Sold equipment costing $97,87...
Mathematics, 14.04.2021 19:40
Mathematics, 14.04.2021 19:40
Mathematics, 14.04.2021 19:40
Mathematics, 14.04.2021 19:40