Answer:
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Explanation:
Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion
Explanation:
The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.
The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.
Answer: Higgins should report this litigation as a contingent liability.
Explanation: A liability that is contingent upon an event, that is, dependent on a future event that may or may not happen is called contingent liability. Potential law suits, pending investigations are some of the examples of contingent liability.
A contingent liability will only be recorded if there is likely probability that the event on which such liability depends will occur and the amount of liability could be reasonably estimated.
Answer:
The cash flow to creditors during 2014 was $139000,the amount by which net working capital investment has reduced.
The stockholders invested $241,000 more into the business
The net cash flows from asset is the $1,100,000 net firm's capital spending
Lastly,the operating cash flow is $240,000 as calculated below
Explanation:
Net working capital investment denotes the amount of cash the company parted with in 2014 in financing its current obligations.
Stockholders as the owners of the company made more cash available to the company in 2014 by investing more cash resources in it as follows:
Common stock account increased by $10000($164000-$154000)
Additional paid-in surplus increased by $300000($3090000-$2790000)
The gives $400000 cash from stockholders minus dividends of $159000
Operating cash flow
Net income $0
add interest $101000
Reduction in net working capital $139000
Operating cash flow $240000
