Answer:
b. $142,000 of net cash used.
Explanation:
The computation of the net cash flow from investing activities is shown below
= Purchase of equipment+ Proceeds from the sale of equipment - Purchase of land
= -$153,000 + $134,000 - $123,000
= $142,000 of net cash used
Answer: $17800
Explanation:
The opening balance of Retained earnings = $24,100
Net Income for the year = $19,900
Closing balance of Retained earnings = $ 26,200
The, the amount of dividends declared during the year = (opening balance) +(Net Income) -(
Closing balance)
= $ (24100+19900-26200)
= $17800
Hence, the amount of dividends declared during the year is $17800.
Answer:
Puffin’s E & P after taking into account the distribution of the car is $6,000.
Explanation:
E & P will be decreased by the higher of the adjusted basis or the fair market value of the distributed property, net of any liabilities. The distribution losses will not be taken into consideration when determining E & P. Thus the current E & P of Puffin’s $30,000 is reduced by $24,000 ($30,000 basis of the car minus the liability amount). The remaining after the distribution current E & P will be $6,000.
Therefore, Puffin’s E & P after taking into account the distribution of the car is $6,000.
Answer:
Provide meeting structure
Explanation:
Meeting Structure is the way in which both the information and the participants are organised to achieve the purpose/objectives of the meeting.