When a student enters college, tuition is the C. immediate cost.
Everyone needs to pay for their tuition before their classes start - maybe they don't pay for the entire tuition, but they do have to pay at least a certain amount of it. This means that it is an immediate cost - something you have to pay immediately rather than in the future, which is why A is incorrect. Given that you have to pay money instead of receive it, B and D are also incorrect.
Answer:
cash <u>used</u> for investing activities 19,000
Explanation:
The indirect mehtod impact the calculations for operating activities.
The investing and financing activities balance will be the same on both method.
Investing activities: purchase and sale of long term assets and securities trading:
proceeds from sale of equipment 48,000
purchase of equipment (67,000)
cash <u>used</u> for investing activities 19,000
Answer:
c. Amber’s offer is $4,500 more. {$190,000 – ($50,000 + $90,000) + [$70,000 × (1 – .35)]}.
Explanation:
Step 1. Given information.
Amber offer = 190.000
Claiming= $50.000
Loss of income = $90.000
Punitive damages = $70.000
Step 2. Formulas needed to solve the exercise and Step 3. Calculation.
Original claim = ($50,000 + $90,000) + [$70,000 × (1 – .35) = 185,500
Step 4. Solution.
Difference = 190000 - 185500 = 4500
punitive damages only taxable