Answer:
The firm's cash flow to creditors during 2016 was -$131,000.
Explanation:
Cash flow to creditors
= Interest expense - (Ending LT Debt - Beginning LT Debt)
= $99,000 - ($1,680,000 - $1,450,000)
= -$131,000
Therefore, The firm's cash flow to creditors during 2016 was -$131,000.
Answer:
$225,000
Explanation:
Federal corporate income tax (21% flat rate)
$1,000,000 x 21% = $210,000
Federal dividend tax (15%).
$100,000 x 15% = $15,000
Dividens are neither expenses nor deductible, so they do not reduce the amount of corporate taxable income. Therefore we must add up the two quantities.
$210,000 + $15,000 = $225,000
Answer:
72 hours, 12months
Explanation:
When a user gets locked out of his/her account, it is usually investigated within 72 hours of the complaint being laid. that is 3days.
When the reason is found and and told to the user, the reason is documented and kept for 12 months within which time if there is any need for reference, the document can be easily retrieved and gone through.
Cheers.
Answer:
1.EPS 2021 = net icome / no of shares =$1,419,000/ 284000 =4.99 = 5
2.EPS 2022 = $1,419,000/ 852000 = 1.67 = 2
3.EPS will be shown as $5
Explanation:
Number of shares= 260000
issued shares = 24000
shares at the end 2021 = 284000
New issue 284 000*2/1 = 568000
shares at the end 2022 = 852000
A. All receivables that are expected to be realized in cash within a year are reported in the current assets section of the balance sheet
