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Sergio [31]
4 years ago
15

8. The following transactions and events occurred during the year. Assuming that Picture Perfect Physicians’ uses the indirect m

ethod to report cash provided by operating activities, indicate where each item would appear on the statement of cash flows by placing an “X” in the appropriate column. Statement of Cash Flows Noncash Operating Activities Investing Activities Financing Activities Investing & Financing Activities Not Reported on Statement or in Notes Inventory increased in the year Type answer here Type answer here Type answer here Type answer here Type answer here Declared and paid a cash dividend Type answer here Type answer here Type answer here Type answer here Type answer here Paid cash to purchase a patent Type answer here Type answer here Type answer here Type answer here Type answer here Accounts payable decreased in the year Type answer here Type answer here Type answer here Type answer here Type answer here Prepaid expenses increased in the y
Business
1 answer:
Tom [10]4 years ago
6 0
Cash and Carry control management decision
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Before the provision for Federal income tax, Karas Corporation had book income of $400,000 for the current year. The book income
Margaret [11]

Answer:

correct option is c. $350,000

Explanation:

given data

book income = $400,000

dividends = $100,000

owned domestic corporation = 15%

to find out

Karas Corporation's taxable income for the current year

solution

we know here that Karas Corporation qualifies report  that dividends received deduction = 50 % of dividends from the taxable unaffiliated domestic corporation

so we here assumed that if paying corporation is unaffiliated

then receiving corporation owns less than =  20 %

so book net income before federal income tax = $400,000

and Dividends received deduction = 0.50 × $100,000 = $50,000

Taxable income will be = book net income before federal income tax - Dividends received deduction   .................1

put here value

Taxable income =  $400,000 - $50000

Taxable income =  $350,000

so correct option is c. $350,000

6 0
3 years ago
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4 mil
grandymaker [24]

Answer: 22.71 million

Explanation:

The labor force refers to both the employed and unemployed populations of a country. In other words it comprises of those who are working and those who are not working but are able to and are currently seeking employment.

Labor force = Unemployed + Employed

= 3.4 + 1.72 + 4.4 + 13.19

= 22.71 million

Those who have not looked for work in sex weeks and above are not considered unemployed.

Part time employees are considered employed.

5 0
3 years ago
The demand for land, labor, and capital used to produce a good depends on which of the following factors?
marysya [2.9K]
D) the availability of land, labor and capital


I think
8 0
3 years ago
According to the United Nations' stages of economic development for classifying countries with respect to levels of industrializ
andrezito [222]

Answer:

More-deceloped country

Explanation:

Industrialized countries with high per capita incomes, such as Canada, England, France, Germany, Japan, and the United States fall into the category of more-developed country

4 0
3 years ago
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $46,000 $39,50
Archy [21]

Answer:

Cost of goods manufactured= $228,700

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000

cost of goods manufactured= $228,700

We deduct the indirect material from overhead because it is already incorporated into direct materials.

6 0
3 years ago
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