As per the given question, the net cash provided by operating activities for the year is $33,000.
<h3>What is net income?</h3>
Net Income refers to the sales minus cost of goods sold and other operating expenses.
The net cash provided by operating activities for the year is $33,000 (35,000+8,000-7,000-3,000).
Therefore, Net cash provided by operating activities for the year is $33,000.
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Answer: Is not taxed
Explanation: John owns 500 shares of stock in Catawba Box, Inc. He is the share holder of the company . An equity shareholder is the owner of the company. But for a big public limited company, they raise funds by going public and issuing shares to the public in small tranche. The profit earned by the company is taxable for the company while it is not taxed to the owners or the shareholders of the company as a company is a separate legal entity.
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Public Debt is the total accumulation of past budget deficits less surpluses.
I believe that statement is False,
you can drive a car(4 wheel) by having Florida's learner driver license. But you need an additional special license if you want to ride a motorcycle(2 wheels). The special license for motorcycle is divided depending on its cc's. Moped license, with 50cc or smaller and automatic transmission tend to be easier to obtain.
