Answer:
Net income = $180,000
- salaries = ($30,000 + $35,000 + $10,000 = $75,000)
adjusted net income = $105,000
the adjusted net income must now be divided equally between the 3 partners:
- Bonnie: $35,000
- Clyde: $35,000
- daughter: $35,000
Their yearly gross income:
- Bonnie: $35,000 + $30,000 = $65,000
- Clyde: $35,000 + $35,000 = $70,000
- daughter: $35,000 + $10,000 = $45,000
total taxable income = $65,000 + $70,000 + $45,000 = $180,000
Answer: " DECREASES" .___________________________________
Answer:
b.$60,000 outflow.
Explanation:
Cash flows from financing activities
Retiring value of bonds for cash -$60,000
Cash flow from financing activities -$60,000
Since the cash flow statement records only cash transactions. So in the given case, the bonds are retired for $60,000 in cash that reflects the cash outflow and the same is to be presented on the financial statements
Advantage, vertical integration is like controlling all your distributors for your business and all your company’s who make your product.
Answer:
pooling losses
Explanation:
This agreement embodies the concept of pooling losses. In this concept, each individual loss is spread over to the entire group. In order for this arrangement to be effective, a large number of farmers are required, so whenever a farmer suffers a loss, it will be mitigated due to the pooling over the large group.