Blue co. sold plant assets costing $15,000 with accumulated depreciation of $10,000 for $7,000. as a result, blue co will report on the statement of cash flows in the cash flows from investing activities section.

Blue Co will report a loss of $18,000 on the statement of cash flows in the cash flows from investing activities section.

Explanation:

Step 1: Determine the total cost of the asset

The total cost can be expressed as;

T=A+D

where;

T=total cost of the asset

A=asset purchase cost

D=accumulated depreciation

In our case;

T=unknown

A=$15,000

D=$10,000

replacing;

T=15,000+10,000=$25,000

Total cost of the asset=$25,000

Step 2: Determine the cash flow after the sale

This can be expressed as;

Cash flow=selling price-total cost of the asset

where;

selling price=$7,000

total cost of the asset=$25,000

replacing;

Cash flow=7,000-25,000=-$18,000

Blue Co will report a loss of $18,000 on the statement of cash flows in the cash flows from investing activities section.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: