/biz/ - Business & Finance

[Anonymous No.143731]

Please help me accounting bros!

So for creating an indirect method cash flows statement, if insurance pays you 20,000 for a piece of equipment lost to a natural disaster, do you log that 20,000 in Investing?

[<3 SNSD !!FIWwoxTnNaX No.143766]

:3

[Anonymous No.143989]

pls respond, or is it not listed?

[Anonymous No.144036]

Yes it goes under investing. Because you just earned $20,000 in capital gains.

[Anonymous No.144093]

>>144036

Thank you, another question if you have the time, please

If I retired my $100,000 of bonds at 107 do I list (107,000) for Bonds Paid under Financing,
OR
Do I list (100,000) from Bonds Paid under Financing, and take whatever amount is listed on the IS as "loss from bonds" and add that to the Operating Costs?

[Anonymous No.144189]

Please stimulate my learning /biz/