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alina1380 [7]
3 years ago
10

The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan. 1 7,200 Receipts

from customers 358,200 Payments for goods 209,100 Dividends on stock investments 5,600 Payments for operating expenses 129,600 Proceeds from sale of equipment 34,300 Interest paid 10,300 Proceeds from issuance of Taxes paid 7,800 bonds payable 301,700 Dividends paid 37,100 Balance, Dec. 31 313,100 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows
Business
1 answer:
lisov135 [29]3 years ago
5 0

Answer:

$264,600

Explanation:

The computation of net cash provided (used) by financing activities is shown below:-

Net cash inflow (Cash provided) by financing activities =  Proceeds from bond issue - Dividend Paid

= $301,700 - $37,100

= $264,600

Therefore for computing the net cash provided (used) by financing activities we simply applied the above formula.

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The presence of pollution in the dry cleaning industry leads in the long run to dynamic inefficiencies because:
erica [24]

Answer:

D) firms whose average private cost is less than price will stay in (or enter) the dry cleaning

industry even though their average social cost exceeds price.

Explanation:

When there is pollution as a result of the daily business, then it involves a huge social cost, as you cause harm to public.

But company's do not consider it in making the decision for business, as it generally do not impact the business in financial matters.

As even if the average cost is less then revenue the profit will be there to run the business.

But till the moment the financial impact is not strong of the social cost the pollution will not affect.

5 0
3 years ago
Name three primary sources of authority that tax professionals should check against the citator before relying on those sources
soldi70 [24.7K]

Answer:

The three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters are;

1. Revenue procedures

2. Revenue rulings

3. Judicial decisions

Explanation:

A citator can be defined as an index of legal resources that allows the researcher to find newer documents of the original document and thus the history of statues and cases can be reconstructed. This has been collectively termed as shepardizing. There are different kinds of citators depending on the type of case one is handling. In our case, we are dealing with tax professionals. Tax professionals deal with three primary sources of authority that tax professionals should check against the citator before relying on those sources for important matters. These primary sources are; revenue procedures, revenue rulings and judicial decisions. They are further elaborated below;

1. Revenue procedures

A revenue procedure is a set of guide that give direction on how to apply law, regulations and rulings. They majorly give direction on matters involving tax.

2. Revenue rulings

A revenue ruling is an order directly from the Internal Revenue Services (IRS) that has the full backing of the law and therefor enforceable. Such rulings on revenue, give direction on how the IRS understands the tax laws. Since the IRS is an authority constituted by top-level tax professionals, a revenue ruling can be used by other tax professionals to cite cases of similar nature.

3. Judicial decisions

Judicial decisions is a statement of advice written by a judge or a panel of judges that serves as a guide in solving a legal dispute. They involve a written legal opinion that tends to justify how and why they arrived to that conclusion to solve the dispute. The same thinking can be used by other professionals in other disputes of a similar nature to solve them.

3 0
3 years ago
Suppose that Jack and Hal and Sophia enter into an agreement to sell the restaurant. The contract includes the non-competition a
ycow [4]

Answer: D Your welcome.

5 0
3 years ago
Nancy and Tonya exchanged assets. Nancy gave Tonya her personal residence with an adjusted basis of $280,000 and a fair market v
azamat

Answer:

Realized gain  $110,000

Recognized gain  $110,000

Explanation:

The computation of the Tonya's realized and recognized gain is shown below:

Amount realized by Tonya (fair market value)  $560,000

Less; Amount given by Tonya

Yacht: adjusted basis  ($250000)

Assumption of Nancy's mortgage  ($200000)

Realized gain  $110,000

Recognized gain  $110,000

7 0
2 years ago
____ transparency allows the system to perform as if it were a centralized database management system.
Kipish [7]
Failure<span>________ transparency ensures that the system will continue to operate in the event of a node failure.</span>
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