Answer:
b. $5,600
Explanation:
A cash basis taxpayer will report revenues and expenses when they are actually collected or paid for. The business transaction is not directly related to the moment that the payment occurs (unlike accrual accounting).
in this case, Ralph should report all the income related to monthly rental payments = $5,000 (Nov. 2008 - Oct. 2008) + $600 (the three last months of rent) = $5,600. Security deposits are not considered rental revenue, so they should not be reported as such.
Answer:
Option (c) is correct.
Explanation:
Net cash provided by operating activities:
= Net income + Depreciation + loss on sale of Equipment + Decrease in prepaid expense + Increase in account payable - Increase in account receivable - increase in inventory - Decrease in accrued expenses
= $132,000 + 44,000 + 8,000 + 60,000 + 52,000 - 60,000 - 100,000 - 24,000
= $112,000
Note:
The balance sheet is missing in this question, so I attached the balance sheet with the answer.
Greetings friend, I would love to try my best for female to get more confidence in STEM careers.
First they need to realize that they are in male dominante field.
Second they should try and achieve something man can not do and show them quality over quantity of tasks done.
Also I would suggest to create more female centric teams ( 6 female 3 male = team ) just for the sake of experiment and see the results. If you create study of this type let me know the results please. Probably males will try to impress them and do 130% of power just to show off and female will control them and situation in global.
This is my honest opinion. Females are our Muses and they have special place in our hearts and minds, but they can be independent and achieve more just if they have light that leads them right way. Best wishes <3 I hope I was helpfull.
Regards,
Ђорђе
Answer:
$133,800
Explanation:
Calculation for The cash received for interest during 2014
Using this formula
2014 Cash received for interest=Interest revenue-2014 Interest receivable+2013 Interest receivable
Let plug in the formula
2014 Cash received for interest=$137,000-$18,200+ $15,000
2014 Cash received for interest=$133,800
Therefore The cash received for interest during 2014 was:$133,800
