Answer:
Net cash flows from financing activities is $24,000
Explanation:
Cash flow from financing activities:
Proceeds from stock issue $20,000
Dividends ($5,000)
Sale of treasury stock $9,000
net cash flow from financing activities $24,000
The issue of long-term note payable of $35,000 does not involve an actual movement of cash,hence has zero impact on the cash flow from financing activities.
The dividends payment has negative sign because it is an outflow of cash unlike others that cash inflows.
Based on the involuntary conversion rule governing the deferring of gains, the data that Cassidy has to defer the gain is December 31, 2025.
<h3>Which data can Cassidy defer to gain to?</h3>
Cassidy can defer to the gain to three (3) years after the first date in the year that the gain was received.
The gain was received in 2022 so the first date is January 1, 2022. The date the gain can be deferred to is therefore December 31, 2025.
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Answer:
$7.50 per unit
Explanation:
Cost of buying from outside supplier = $33 per unit.
Relevant cost of making such component in-house = Direct materials+ Direct labor+ Variable overhead
= $9.50 per unit + $13.50 per unit + $2.50 per unit
= $25.50 per unit
Net incremental cost of buying the component = Cost of buying from outside supplier- Relevant cost of making such component in-house
= $33.00 per unit - $25.50 per unit
= $7.50 per unit
A witness who refuses to testify after being given immunity can be held in contempt of court and subjected to fines and jail time.
Answer:
D) accounts receivable subsidiary ledger
Explanation:
The accounts receivable subsidiary ledger contains all the customer account activities including sales and any returns. By summarizing all of the customers' information in this subsidiary ledger account, the company can track sales records of all its clients including those who pay in cash. If the sales is made on cash, the accounts receivable is immediately credited and cash debited.