Answer:
a. cash received from sale of land, $200,000.
Explanation:
A statement of cash flows can be described as a financial statement that provides the summary of the amount of cash and cash equivalents that a company receives or pays during a particular period.
A cash flow statement presents how cash and cash equivalents are affected by changes in income and balance sheet accounts by breaking the analysis down to operating, investing, and financing activities.
As it can be seen above, investing activities is one of the three categories of activities that are reported in a statement of cash flows. Investing activities under the statement of cash flows therefore deals with the payments or receipts of cash and cash equivalents for the purchase and sale of long-term assets and other business investments during a particular period.
From the question, the only cash and cash equivalents transaction is the selling of land for $200,000 cash. Therefore, items in the Investing Activities section of the statement of cash flows should include cash received from sale of land, $200,000. The correct option is therefore a. cash received from sale of land, $200,000.
Answer:
<em>C. $0 dividend income and a tax basis in the new stock of $56.25 per share</em>
Explanation:
Existing tax basis
= 300 shares * $90
= $27,000
Latest stocks attributable to stock dividend to be given to Diana,
= 300 * 3/5
= 180
Therefore the total number of shares will be, after dividend,
= 180 + 300
= 480
So new tax basis per share
=27,000 / 480
<u><em>= $56.25</em></u>
Answer:
The answer is B. $180,000
Explanation:
The sum of years' digits method is an accelerated depreciation that is based on the assumption that the productivity of the asset decreases with time.
Here, the sum of the digits are found. In this question, useful life is 5 years. So the sum of the digit is:
5+4+3+2+1 = 15.
April 1 20X4 through March 31 20X6 is 2 years.
First year depreciation is:
5/15 x $300,000
=$100,000
2nd year depreciation is:
4/15 x $300,000
=$80,000
Therefore, accumulated depreciation is
$100,000 + $80,000
$180,000
Answer:
a. middle manager.
Explanation:
In this scenario, Bobby is the plant manager of one of the three manufacturing plants of a paper manufacturing company. He is responsible for synching the processes of his plant with the standards set at the company's headquarters. He sends weekly updates of raw material requirements to the purchase division at the headquarters. He also connects the company's human resources department with the employees who work in his plant. In this scenario, Bobby is most likely a middle manager.
A middle manager refers to an individual who acts as an intermediary between the executive management and the employee working with the company.
