Answer: $31000
Explanation:
Elaine's current basis in her partnership interest will be calculated as:
= Value of original basis + (interest purchased - Cash received) + tax exempt interest
= $40000 + ($70000 - $80000) + $1000
= $40000 - $10000 + $1000
= $31000
Answer: Issued dividends while maintaining a constant number of outstanding shares of stock
Explanation:
A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.
From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.
The correct answer is E; job structure and pay level.
Further Explanation:
Each company has different jobs and pay for their employees. Many workers start a job at entry level positions and will rise higher in the company the more time they are there.
Each job will pay differently and each job will have different levels of pay. This is how the pay structure is established in large companies. State and Federal government jobs always operate on a pay structure such as this.
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Answer:
Inventory turnover will be 6
Explanation:
We have given purchased cost of inventory = $960000
Cost of goods sold = $900000
Ending inventory is given = $180000
Cost of goods available for sale = $900000+$180000 = $1080000
So beginning inventory = cost of goods available for sale - purchases = $1080000 - $960000 = $120000
So average inventory
We have to fond the inventory turnover
Inventory turnover is the ratio of cost of goods sold to average inventory
So inventory turnover
So inventory turnover will be 6