Answer:
B) $84,000
Explanation:
Since accounts receivable increased by $10,000, it means that the cash basis pretax income is $10,000 lower than the accrual basis pretax income. The company sold the goods or services but it hasn't received the cash them yet.
Since accounts payable decreased by $6,000, it means that the cash basis pretax income is $6,000 lower than the accrual basis pretax income. The company acquired debt in year 1 but it paid it during year 2, therefore it used cash during year 2 to pay for debt that corresponded to year 1.
If we add both negative adjustments; (-$10,000) + (-$6,000) = -$16,000
$100,000 - $16,000 = $84,000
According to the research, the transfer of the right of recovery from the insured to the insurance company is called <u>Subrogation</u>.
<h3>What is s
ubrogation?</h3>
It consists of changing the debtor or the lender in a financing, which produces a delegation or a succession of duties.
It is linked to subrogating a legal or natural person for another, replacing it, modifying the contract in terms of fulfilling an obligation or exercising an attribution.
Therefore, we can conclude that according to the research, the transfer of the right of recovery from the insured to the insurance company is called <u>Subrogation</u>.
Learn more about Subrogation here: brainly.com/question/14632197
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This is a quote taken from To Kill a Mocking Bird. Dolphus wanted Scout to understand the situation by looking stepping back and be able to see a better picture of the town. Scout was still young and immature to know about the situation.
Answer:
The solution is given in the table file attached below
Explanation:
Answer:
The correct answer that a dividend is a better choice is . a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus.
Explanation:
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.
A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.
