TB MC Qu. 149 A machine with a cost... A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:

$0

Explanation:

Under the direct method of cash flow statement the operating activities recorded the cash revenues and cash payment only

In the given situation, there is a machine cost, accumulated depreciation and the sale of the machine is given

Nothing should be recorded in operating activities as the sale of the machine come under the investing activity

Therefore $0 should be reported

answer; i believe the correct answer is (4.0);

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.