Bramble Corp.had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and p
aid wages expense of $112800. 3. Acquired land by issuing common stock of par value $94000. 4. Declared and paid a cash dividend of $18800. 5. Sold a long-term investment (cost $5640) for cash of $5640. 6. Recorded cash sales of $752000. 7. Bought inventory for cash of $300800. 8. Acquired an investment in Zynga stock for cash of $39480. 9. Converted bonds payable to common stock in the amount of $940000. 10. Repaid a 6-year note payable in the amount of $413600. What is the net cash provided (used) by investing activities? ($127840) $812160. ($33840). $398560
Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas a sale is an inflow of cash.
Cash flow from investing activities
Sold a long-term investment $5,640
Acquired an investment in Zynga stock for cash - $39,480
Net Cash flow from Investing activities -$33,840
All other items are related to operating activities, financing activities. So, we ignored it
The accounts receivable turnover ratio equals net credit sales divided by average accounts receivable So 5.0= Net credit sales/ (20,000 + 22,000/2)= 5 x 21,000= 105,000 Net Credit Sales= 105,000
The answer is: An appraisal the practitioner prepared in connection with the client's 2013 federal income tax return.
Explanation:
<u><em>IRS Circular 230, § 10.28 Return of client’s records. </em></u>
<em>(a) In general, </em><em>a practitioner must, at the request of a client</em><em>, </em><em>promptly return any and all records of the client that are necessary for the client to comply with his or her Federal tax obligations.</em><em> The practitioner may retain copies of the records returned to a client. The existence of a dispute over fees generally does not relieve the practitioner of his or her responsibility under this section.</em>
At the request of the client the practitioner must return all the records related to the client's 2013 federal income tax return and any appraisal prepared in connection to those records.
Meeting minutes provide a written record of what was discussed and agreed at a meeting, so you and your colleagues will have the same recollections from the meeting and the same ideas about what was agreed.