Answer:
given statement is false
Explanation:
given data
active income = $210,000
portfolio income = $45,000
passive activity loss = $230,000
deduct passive activity loss = $230,000
solution
as per Topic Passive Activities
we know that Losses and Credits in IRS state here that Loss from passive activity is not allowed for current year
and here this loss will be carry forward to the next taxable year
as a similar rule is applicable to give credits from passive activities
so that given statement is false
The net cash provided by operating activities is $110,000
<h3>What is operating activities?</h3>
Operating activities are the activities carried out by a company to bring its products and services to market on daily.
Operating activities is computed as :
= Net income - Increase in accounts receivable + Increase in accounts payable
= $120,000 - $28,000 + $18,000
= $110,000
Hence, the net cash provided by operating activities is $110,000
Learn more about operating activities here : brainly.com/question/15870707
<u>Answer: </u>a credit to a liability
<u>Explanation:</u>
Credit to liability is recorded when a firm knows that it will loose in its case and it has to pay compensation for the law suit. The payment for the law suit is a liability to the firm.
Titan company's attorney has mentioned that the company would probably lose in the law suit and would have to pay an amount of $200,000. This amount will recorded as the credit to liability in the books of Titan Company.
Answer:
The amount of the initial cash flow for this expansion project is $590,000
Explanation:
For computing the initial cash flow for this expansion projects, the following calculations are required which is presented in an equation form
So,
Initial cash flow = current value of land + unused equipment + equipment modification cost + other equipment costs
= $221,000 + $45,000 + $9,000 + $315,000
= $590,000
The other cost like purchase price of land and the grading & excavation cost is ignored because we have to find the current market value so these cost is irrelevant as it is incurred before 10 years not now. Therefore, we do not considered.
Hence, the amount of the initial cash flow for this expansion project is $590,000
Answer:
The correct answer is: False positive.
Explanation:
In statistics, a False positive outcome refers to the scenario when ac action is carried out expecting a negative result but eventually the action works. The term is widely used in medicine in cases, for instance, when women have positive results on pregnancy tests but they are not expecting a baby.