Answer:
The amount to be reported as the cost of the land is $ 114,200
Explanation:
Cash paid for the land = $ 98,000
Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900
Attorney's fee = $2,000
Real estate broker's fee = $ 6,300
Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee
= $98,000 + $ 7,900 + $2,000 + $ 6,300
= $ 114,200
Answer:
uremia or uremic poisoning
Explanation:
Answer:
A) company HD pays less in Tax
Explanation:
Because interest is deducted before tax in income statement. Higher interest means less Earning before tax, and less amount of Tax be deducted.
HD and LD both have same Earning before interest and tax.
Let suppose both have EBIT of $1000,
Not HD has interest expense of 150, and LD has interest expense of $100
Now HD Earning before tax would be 850, and LD EBT would be 900.
Let's say tax is 40%
so,
HD tax would be 850*0.4=340
LD tax would be 900*0.4=360
So, HD pays higher interest, it benefit company in paying lower tax amount. bacause interest is tax saving.
HD saves $20 in this hypothetical example.
Answer:
Please see the solution below:
Explanation:
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 308,000
<em>Adjustments to reconcile net income to </em>
<em>net cash provided by operating activities: </em>
Depreciation on Fixed Assets 19,000
Amortization of bond premium 3,800
<em>(Increase) Decrease in Current Assets:</em>
Inventory (2,400)
Accounts Receivables (1,480)
<em>Increase (Decrease) in Current Liabilities:</em>
Interest Payable (1,680)
Accounts Payable 7,800
NET CASH PROVIDED BY OPERATING ACTIVITIES 333,040
