Smolira golf corp. 2018 income statement sales $ 509,954 cost of goods sold 361,778 depreciation 45,338 earnings before interest and taxes $ 102,838 interest paid 20,383 taxable income $ 82,455 taxes (22%) 18,140 net income $ 64,315 dividends $ 26,000 retained earnings 38,315 prepare the 2018 statement of cash flows for smolira golf corp.

How is the division of labor accomplished?

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of