Business, 05.05.2020 06:04 gwendallinesikes
Additional data for 2020: 1. Net income was $221,000. 2. Depreciation was $30,000. 3. Land was sold at its original cost. 4. Dividends of $81,300 were paid. 5. Equipment was purchased for $84,000 cash. 6. A long-term note for $200,000 was used to pay for an equipment purchase. 7. Common stock was issued to pay a $70,000 long-term note payable. Prepare a statement of cash flows for the year ending December 31, 2020
Answers: 2
Business, 21.06.2019 22:40
Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000
Answers: 3
Business, 22.06.2019 14:30
You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should
Answers: 1
Business, 22.06.2019 16:40
Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.
Answers: 1
Additional data for 2020: 1. Net income was $221,000. 2. Depreciation was $30,000. 3. Land was sold...
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