Answer:
d. Gain on sale of land
Explanation:
When using the indirect method in calculating net cash flow from operating activities, the net income is adjusted by the following items :
- Non-Cash flow items included in net income
- Changes in Working Capital items in net income.
From the choices given only gain from sale on land which is an income, has to be removed from net income to reach a cash flow figure.
Answer:
I think Quality is most important to luxury buyers.
Maximizes the impact of the HR profession on organizational decision-making and ... contrast, stable employers do everything they can to retain their employees. More than three million Americans lost their jobs in 2008.
Answer:
26 Miles
Explanation:
As per IRS,
Commuting is a personal nature of expense, which is not allowable as deduction.
The following things are not deductible for Greg:
(i) Distance traveled from office to home and home office is not deductible.
(ii) At the end of day, 7 miles distance traveled towards home from Martin's dry cleaning is not deductible.
Deductible includes the miles traveled to the business sites from the office for Greg.
Therefore,
Deductible transportation miles:
= Distance traveled from office to smith's house + Distance traveled from smith's house to martin's dry cleaning
= 5 miles + 21 miles
= 26 Miles
Answer:
Dr amortization expense $14,500
Cr Copyright asset $14,500
Dr amortization expense $6,250
Cr Patent asset $6,250
Explanation:
First of all,a goodwill with an indefinite life is not depreciable,hence no adjusting journal entries would be prepared in respect of the goodwill.
However,the copyright would be amortized using the lower of useful life of 6 years and legal life of 30 years,the amortization expense for the year is shown below:
amortization charge=$87,000/6 years=$14,500
The patent is to amortized in the way as the as the copyright the lower of useful life and legal life.
amortization charge=$30,000/4 years*10/12=$6250
The patent was only used for 10 months in the year
