Answer:
b. $290,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is shown below:
= Net income reported on the income statement + decrease in account receivable
where,
Net income reported = $280,000
And, the decrease in account receivable is $10,000 ($70,000 - $80,000)
So, the cash flow from operating activities
= $280,000 + $10,000
= $290,000
The decrease in account receivable implies that more cash is come so it would be added and the same is shown above
I think it's called the Holland code.
The theorist that is referred above is MAX WEBER. He is the theorist who asserts that class members should be grouped according to their value in the marketplace. Max Weber is a well-known German sociologist, and a prominent figure in sociology.
Answer:
$30,000
Explanation:
Oriole Corporation purchased the painting five years ago for $10,000. In the current year, the cost of the same painting is $30,000. Oriole Corporation donated this painting to the Texas Art Museum.
So, Oriole’s charitable contribution deduction is <u>$30,000</u> as the current value of the painting is $30,000.
Learning.
Or at least I believe so. Are there multiple choice?
