1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kumpel [21]
3 years ago
13

New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a de

bit balance of at the beginning of the year and a debit balance of at the end of the year. No treasury stock was sold during the year. The financing section of the statement of cash flows will show a positive cash flow of for the buyback of treasury stock.
A. True
B. False
Business
1 answer:
IrinaVladis [17]3 years ago
4 0
I think the answer is (B false)

...............
You might be interested in
_____ encompasses purchases of fixed assets abroad used in the manufacture and sales of goods and services.
Lunna [17]

Answer:

The correct answer is called capital goods. Give me Brainiliest

6 0
2 years ago
Star Corp., a publicly traded, accrual-method C corp., incurred the following expenses in 2020 (all of which are ordinary and ne
Shtirlitz [24]

Answer:

Star Corp.

Star Corp.'s total deductible business expenses for the year is:

= $1,952,000.

Explanation:

Ordinary and Necessary Expenses incurred in 2020:

Office rent:                                 $50,000

CEO compensation:              $1,500,000

Salary paid to janitor:              $250,000

Business meals:                        $30,000 (100% of the amount paid)

Client entertainment:             $100,000 (100% of the amount paid)

Political contribution/lobbying:  $5,000

Advertising:                              $70,000

Taxes & licenses (state, local &

payroll tax; not fed. inc. tax):   $30,000

Life insurance policy on CEO

- premiums:                            $12,000

Federal income taxes:        $250,000

Total expenses incurred $2,297,000

Total Deductible Business Expenses for the year:

Office rent:                                     $50,000

CEO compensation:                 $1,500,000

Salary paid to janitor:                    $20,000

Business meals:                            $15,000 (50% of $30,000)

Client entertainment:                            $0 (0% of $100,000)

Political contribution/lobbying:      $5,000

Advertising:                                  $70,000

Taxes & licenses (state, local &

payroll tax; not fed. inc. tax):       $30,000

Life insurance policy on CEO

- premiums:                                $12,000

Federal income taxes:            $250,000

Total deductible expense = $1,952,000

5 0
2 years ago
Barbara Jones is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market
nordsb [41]

Answer:

Zero-cupon bond= $612.52

Explanation:

Giving the following information:

Face value= $1,000

Number of periods= 5 years

Interest rate= 10.3% = 0.103

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Zero-cupon bond= [face value/(1+i)^n]

Zero-cupon bond= [1,000 / (1.103^5)]

Zero-cupon bond= $612.52

7 0
2 years ago
Ground-fault circuit interrupters must be used for all of the following except?
gtnhenbr [62]

Ground-fault circuit interrupters must be used for all of the following except?

A-rooftop

<u>B-any outdoor area </u>

C- where temporary wire is being used

7 0
3 years ago
A company that designs video games has decided to expand and needs to hire Software Developers, Web Administrators, and Computer
Harman [31]

Answer:

A technical school that specializes in computer training.....Hope this helps!

6 0
2 years ago
Read 2 more answers
Other questions:
  • Most manufacturers of vehicles equipped with diesel engines allow what type of biodiesel?
    8·1 answer
  • A customer has a total purchase of $84.75. She hands the person at the
    14·1 answer
  • The annual revenue of the tie-dye t-shirt operation is currently $5,000 but is decreasing by $500 each year. how fast are annual
    9·1 answer
  • The condensed product-line income statement for Dish N' Dat Company for the month of March is as follows:
    10·1 answer
  • Summer leasing received $11,400 for 24 months rent in advance. how should summer record this transaction?
    6·1 answer
  • A checkmark in the PR column in the general journal means the?
    14·1 answer
  • Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate o
    5·1 answer
  • Lyon Manufacturing Company produces products A, B, C, and D through a joint process. The joint costs amount to $100,000. Product
    9·1 answer
  • The treasurer for Rahm Corp. was preparing a bank reconciliation as of September 30, 2017. The following items were identified:
    7·1 answer
  • Why are foresight and follow-through important when applying the quantitative reasoning process?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!