<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>
<h3>Income statement: What is it?</h3>
An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.
<h3>What is displayed on a firm's income statement?</h3>
The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
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<span>In 1951, the European Union began as six neighboring countries that wanted to lessen their burden of import taxes. These six countries were Belgium, France, Germany, Italy, Luxembourg, and the Netherlands. There are now twenty-eight members in the European Union.</span>
Answer:
a) $234,000 of net cash used.
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets
. The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash
The computation of the Net cash flows from investing activities is shown below:
Cash flow from Investing activities
Purchase of equipment - $225,000
Proceeds from the sale of equipment $106,000
Purchase of land - $115,000
Net Cash flow from Investing activities - $234,000
Answer:
call premium
Explanation:
The bonds has certain conditions and one of them is the right of the issuer to purchase the bonds therefore, extinguish the debt before the maturity expressed in the bond. As this is a change to the original terms usually the issuer is forbidden to do so in the first years of the bond or it can do it at given dates. In any case, the issuer pays a premium for this right to compensate the bondholders
What are the statements to the question?