Answer:
$3,940,000
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.
The net cash provided by or (used by) financing activities during 2021
= $2,900,000 - $590,000 + $130,000 + $1,500,000
= $3,940,000
Other transactions are operating and investing activities.
Answer:
Comparative cost advantages is characterized by an economy's ability to produce goods and services at a lower opportunity cost than that of its competitors.
Explanation:
Basically, a person has a comparative advantage if they can produce an item at a lower cost than their competitors. Thus, if a country has the means and resources to produce a certain product for cheaper, then they have a comparative advantage.
Answer:
The correct answer is letter "B": A partner in a partnership is taxed on his or her share of partnership income.
Explanation:
Partnerships are organizations where two or more individuals operate a business. The partners are fully liable for the transactions of the company which implies their personal assets can be considered as collateral if the company falls into debt. When it comes to taxes, the partners must file them according to the <em>percentage contribution to the partnership</em>.
It’s a doctrine where the court follows makes decisions based on older decisions in a case with the same or similar scenarios
The answer is A, a saver.
He is putting money aside for later instead of spending it on anything else
