Answer:
$75,240
Explanation:
Given that,
Consumer price index in 1999 = 170
Salary in 1999 = $44,000
Consumer price index in 2016 = 290
Therefore, the required salary is calculated as follows:
= Salary in 1999 × (Consumer price index in 2016 ÷ Consumer price index in 1999)
= $44,000 × (290 ÷ 170)
= $44,000 × 1.71
= $75,240
Hence, the amount of salary have to earn in 2016 in order to equal your 1999 real income is $75,240.
The plans are that when you retire they would put your money in your accont give you a medical plan and split things equaly wend you die but they would split it up to your wife and kids plz mark brainliest and give thans
Answer:
The correct statement is B
Explanation:
Relevant information:
Henry (H) and Charlotte (C) separated in the year 2018 and their divorce was finalized in 2019, January
During the year, 2019 C paid H alimony of $12,000
Now, will analysis the information:
As per the U. S (United States) IRS (Internal Service Revenue), if the divorce is finalized in 2019 or after that, then the payment of alimony are no longer is deductible, nor the recipient have to record or report them as an income.
So, in the given case, H is not required to report the alimony payment received as an income and C cannot claim the alimony paid as an adjustment to the income.
Therefore, the correct answer is B.
Note: The relevant information is taken from the case which is stated or given above before the question.
Answer:
Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.
Explanation:
FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).
When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.
Hence, the indirect method for the preparation of the operating activities section of the statement of cash flows reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.
Some examples of operating activities are cash revenue from the sales of a product, cash paid as an expense for merchandise etc.
Answer:
The net cash flow provided by financing activities is: $840,000
Explanation:
Prepare the Cash flow from Financing Activities Section as follows :
Cash flow from Financing Activities
Proceeds from Issue of Shares $2,800,000
Dividends Paid ($560,000)
New Bond Issue $4,200,000
Bond Paid off ($5,600,000)
Net Cash flow from Financing Activities $840,000
<em>Note that the Bonds bought of another company constitutes investment activities of Blair Madison Co. thus excluded from Cash Flow from Financing Activities Calculation.</em>