Answer:
Correct option is A.
<u>Interest on a loan for a 90-foot yacht (a qualified residence) with a kitchen, 3 baths and 5 bedrooms</u>
Explanation:
Assesses are permitted a conclusion for unmistakable intrigue paid or collected during the expense year. Sum and sort of derivation is reliant intentionally for which cash is obtained. Enthusiasm on credit for lease, business and eminence exercises is deducted for balanced gross pay. Enthusiasm on credit if there should be an occurrence of individual utilise like speculation intrigue, qualified home intrigue, contract intrigue prepayment punishments, intrigue identified with aloof action. Enthusiasm on credit used for buying resources producing charge excluded salary isn't deductible.
Following interest is not deductible as an itemised deduction:
1. Credit investigation fees
2. Service charges
3. Premium on convertible bonds
4. Interest paid to carry single premium life insurance
Answer:
The answer is B) "lower the prices that customers pay."
Explanation:
Actually, to increase capacity during high demands, the company do not need to lower the prices that customers pay but rather in crease the prices. According to law of demand and supply, the higher the demand, the more the price. Also, the company may also open another new branch for more production, approve overtime work and wages for employers, create more shifts and even subcontract part of the production to another company to ensure faster process but with same quality.
The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
hope this helps
Answer
Net income 177,200
+35230 depreciation
+4,920 loss on disposal
217,350 adjusted net income (a)
↑↓
↑AR -14,160
↑Prepaid -4,190
↑AP 17,220
Change in working Capital -1,130(b)
<u />
<u>Cash Flow generated from operating activities 216,220</u>
<u />
Explanation:
(a) we must remove the non-monetary account from the income statement
This means add the non-monetary expenses and losses
Subtract the non monetary revenue and gains
(b)
The increase in assets account have a negative meaning, because it is assumed the company used cash to adquire it.
Whiel increase in liabilities are positive, because the company receive aah or delay the payment of cash.