Answer:
C) has no effect on Carr's earnings and profits for federal income tax purposes.
Explanation:
A stock dividend means that the corporation issues its existing shareholders more stock.
In essence, the corporation is merely diluting the proportional ownership interest of existing shares.
This has no effect on the corporation's earnings and profits for federal income tax purposes.
Therefore, the dividend has no effect on Carr's earnings and profits for federal income tax purposes.
Operating Cash Flows $215,850
Calaculation of Net operating Cash flow
Net Income$250,000
Adjustments for noncash effects:
Depreciation Expense 6,000
Loss on sale of asset 1,350
Changes in current assets and current liabilities:
Increase in Salaries Payable 19,500
Increase in Prepaid Rent(29,000)
Increase in Accounts Payable 29,000
Increase in Inventory(61,000)
See complete table below for answer.
It is True that one reason for the growth of sponsorships has been the need for companies to break through the clutter of advertising.
sponsorships is essential for the firm because it will help them to be able to sponsor their advertisement of their brand so as to bring more profit.
In this case, It is True that one reason for the growth of sponsorships has been the need for companies to break through the clutter of advertising.
Learn more about sponsorships on:
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A.
