During 2013, bascom bakery paid out $33,525 of common dividends. it ended the year with $197,500 of retained earnings versus the prior year's retained earnings of $159,600. how much net income did the firm earn during the year? a. $86,818 b. $78,746 c. $71,425 d. $82,683 e. $74,996

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Afarmer is an example of what kind of producer?