Belden, inc. acquires 30 percent of the outstanding voting shares of sheffield, inc. on january 1, 2017, for $306,000, which gives belden the ability to significantly influence sheffield. sheffield has a net book value of $812,000 at january 1, 2017. sheffield's asset and liability accounts showed carrying amounts considered equal to fair values except for a copyright whose value accounted for belden's excess cost over book value in its 30 percent purchase. the copyright had a remaining life of 16 years at january 1, 2017. no goodwill resulted from belden's share purchase. sheffield reported net income of $186,000 in 2017 and $222,000 of net income during 2018. dividends of $78,000 and $68,000 are declared and paid in 2017 and 2018, respectively. belden uses the equity method. on its 2018 comparative income statements, how much income would belden report for 2017 and 2018 in connection with the company's investment in sheffield? if belden sells its entire investment in sheffield on january 1, 2019, for $424,000 cash, what is the impact on belden's income? assume that belden sells inventory to sheffield during 2017 and 2018 as follows. what amount of equity income should belden recognize for the year 2018? year cost to belden price to sheffield year-end balance (at transfer price) 2017 $38,280 $58,000 $20,000 (sold in following year) 2018 32,450 59,000 40,000 (sold in following year)

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)