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3 years ago

The Great Depression changed attitudes toward the labor movement.

1 answer:

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TRUE. In the early 1930s, as the nation slid toward the depths of depression, the future of organized labor seemed bleak. ... The tremendous gains labor unions experienced in the 1930s resulted, in part, from the pro-union stance of the Roosevelt administration and from legislation enacted by Congress during the early New Deal.
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Rimble Graphic Design receives $2,750 from a client billed in a previous month for services provided. Which of the following gen

Lana71 [14]

Answer:

C) Debit Cash $2,750

Credit Accounts Receivable $2,750

Explanation:

When payment is received in respect of services rendered or goods sold in the past periods, the accounting rule is to debit cash or bank as the case may be and credit account receivable for the amount received. This is necessary because in period when transaction took place, revenue has been credited and account receivable debited.

6 0

3 years ago

Prime Corporation's building was destroyed by a tornado. The fair market value of the building at the time of the tornado was $4

Sergio [31]

Answer:

D) $150,000

Explanation:

Insurance proceeds that are not reinvested in replacing damaged property are taxed. Apparently Prime corporation didn't reinvest into replacing the property, so this transaction should be taxed as a property sale. Prime received $400,000 for the building with a $350,000 basis which results in a net gain = $50,000.

The other $100,000 were given as replacement income and therefore should be taxed as such.

So the total taxable amount = $50,000 + $100,000 = $150,000

4 0

3 years ago

Assume that, on January 1, 2021, Matsui Co. paid $1,795,200 for its investment in 74,800 shares of Yankee Inc. Further, assume t

mixas84 [53]

Answer: $1,852,320

Explanation:

First find out the proportion owned by Matsui.

= 74,800 shares / 220,000

= 34%

The investment at the end of the year is:

= Cost of investment + Shares of net income - Share of dividend

Share of income:

= Percentage ownership * Net income

= 34% * 240,000

= $81,600

Share of dividend:

= 34% * 72,000

= $24,480

Investment at end of year:

= 1,795,200 + 81,600 - 24,480

= $1,852,320

8 0

3 years ago

HOW DO I GET A GIRL TO LIKE ME HURRY BEFORE THE QUESTION GETS DELETED

antiseptic1488 [7]

Answer:

Tell her that it will take a very long time

Explanation:

3 0

2 years ago

Golden Corp., a merchandiser, recently completed its 2017 operations. For the year, (1) all sales are credit sales, (2) all cred

ankoles [38]

Answer:

Please see the solution below:

Explanation:

GOLDEN CORPORATION

Statement of Cash Flow

As of December 31, 2017

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 166,400

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 54,000

(Increase) Decrease in Current Assets:

Accounts Receivables (21,500)

Inventory (84,500)

Increase (Decrease) in Current Assets:

Accounts Payable 35,000

Income Tax Payable 12,400

NET CASH PROVIDED BY OPERATING ACTIVITIES 161,800

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment (68,200)

NET CASH USED IN INVESTING ACTIVITIES (68,200)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Cash Dividends (108,000)

Issuance of Common Stock 69,500

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES (38,500)

NET INCREASE (DECREASE) IN CASH 55,100

Cash Balance, December 31 2016 127,900

Cash Balance, December 31 2017 183,000

3 0

2 years ago