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3 years ago

Commercially valuable fish may face extinction even though fish are a renewable resource. true or false.

Business

2 answers:

notsponge [240]3 years ago

8 0

the answer would be true

GREYUIT [131]3 years ago

6 0

True is the correct answer

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Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro

r-ruslan [8.4K]

Answer:

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

Cr Investment in Silva Company 104,400

December 31, year 1, net income reported by Silva Company ($971,000 x 36%)

Dr Investment in Silva Company 349,560

Cr Revenue from investment in Silva Company 349,560

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

7 0

3 years ago

A company has an operating income of $100 million, depreciation of $15 million, an asset sale of $50 million, a capital expendit

Alexus [3.1K]

Answer:

145 millons free cash flow for the year

Explanation:

100 operating income

+ 15 depreciation (this expense do not involve cash, so they add up cash)

+50 long term asset sales (more cash in form of currency)

-10 capital expenditure (cash used purchase, mantaing or improve their assets)

-10 investment in working capital (we use it to adquire assets or pay liabilities)

-----

145 millons free cash flow for the year

6 0

4 years ago

Why is it necessary to have a W-2 or 1099 form when using tax preparation software?

yuradex [85]

It is necessary to have these forms because they would help to report income that is gotten by a person that are not through employment.

The 1099 helps to record the amount that is earned by a person who is not employed.

The 1099 helps to calculate either the dividends that a person gets through the fact that they own stocks or the interests that they accrue from keeping their money in the bank.

The W-2 is used by employers to record the income of their employees. The W-2 also tells the employee the amount of taxes that was withheld from their pay.

8 0

3 years ago

What was the stated purpose of the Food Administration during the Great War? A. It was to set up food banks for Americans B. It

Ulleksa [173]

Answer: The stated purpose of the food administration during the great war was to reduce food consumption by civilians (B)

Explanation:

The U. S. Food Administration was the department responsible for the administration of the United States army abroad and food reserves of its allies during the World War 1. An important role of the United States Food Administration was the regulation of the price of wheat in the market.

During the war, the United States was short of commodities because the commodities were sold to their allies hence, every citizen were asked to donate horses, weapons and ammunition they had to help supply the army. It was done so that food for soldiers wouldn't be an issue.

6 0

4 years ago

Read 2 more answers

Which of the following securities are not traded

VMariaS [17]

Answer: Debenture

Explanation:

8 0

3 years ago