Answer:
hi
Explanation:
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Answer:
Sam must report $700,000 distribution from Silver on his Income report.
Explanation:
The sale of the land is made by the corporation and the corporation is a tax payer therefore any gains and losses are for the company to pay tax on.
The deficits in the E&P are for Silver to take into account when about to pay taxes.
The basis of $200,000 is not income but cost and subtracted on the distribution income as is for Sam.
Answer:
c. Home experienced an improvement in cellular phone-making technology.
Explanation:
It is the improvement recorded in its technology for phone-making that gave rise to the improved production of cellular phones from last year's 1050 phones to this year's 2000 cellular phones. This shows an improved productivity of about 90%. Home did not witness similar improvement in the production of pears as the quantity produced last year was also produced in the current year.
Answer:
Net cash flow from investing activities -$5.3 million
Explanation:
The computation of the net cash flow from investing activities is shown below:
Purchase stock -$2.2 million
Short term investment purchase -$0.5 million
Sold equipment $0.8 million
Purchase new equipment -$3.4 million
Net cash flow from investing activities -$5.3 million