Answer:
The gain should be deducted from net profit before tax and interest while calculating cash flows from operations and the cash proceeds is shown under investing activities as positive cash flow.
Explanation:
Since the cash flow is about actual cash received in period,the gain is irrelevant.But the gain must have been added in income statement in arriving at net income,hence in order to avoid double counting the gain impact should be eliminated whereas the cash received from the disposal is brought in down the line under investing activities as cash inflow.
The overall impact of this transaction on cash flow statement is illustrated below:
Gain -$45000
Cash proceeds $230000
Net impact $185000
The transaction has $185000 impact on the cash flow statement as a whole.
The boom in delivery was greater than the lower in demand.
Each growth in supply and reduction in demand effects in price fall. but, when the delivery will increase plenty greater than lower in demand the equilibrium amount is certain to boom as well.
Here is the way to locate the equilibrium rate of a product:
1. Use the supply function for quantity. you operate the delivery system, Qs = x + YP, to find the supply line algebraically or on a graph. ...
2. Use the call for characteristic for quantity. ...
3. Set the 2 quantities identical in terms of rate. ...
remedy for the equilibrium price.
Learn more about Equilibrium quantity here
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Answer:
c. $500
Explanation:
A contract is an agreement by two or more parties to perform a.certain activity within a given time.
When contract are breached, the beneficiary has the right to gain back the amount promised.
If the beneficiary can get another option, the other party is obligated to pay the balance.
On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.
However ABC is still liable to pay the balance of $500
Answer:
$726,500
Explanation:
The computation of current earnings and profits for year 2 is shown below:-
current earnings and profits for year 2 = Profit as per Income Tax - Penalty disallowed + Life insurance proceed - Tax Expenses
= $760,000 - $42,000 + $185,000 - $176,500
= $945,000 - $42,000 - $176,500
= $726,500
Therefore we have applied the above formula to reach out the current earnings and profits for year 2.