Company uses the indirect method to prepare the statement of cash flows. it sold a piece of equipment at a loss of $8600. the equipment was purchased several years ago for $72,500 and had accumulated depreciation of $57,900. what is reported under the operating activities section on the statement of cash flows? a) cash proceeds of $6000 are subtracted from net income. b) cash proceeds of $6000 are added to net income. c) the loss of $8600 is subtracted from net income. d) the loss of $8600 is added to net income.

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?

Shelly bought a house five years ago for $150,000 and obtained an 80% loan. now the home is worth $140,000 and her loan balance has been reduced by $12,000. what is shelly's current equity?