The following information is available for Birch Company at December 31: Money market fund balance $ 2,940 Certificate of deposit maturing June 30 of next year $ 16,500 Postdated checks from customers $ 1,850 Cash in bank account $ 23,931 NSF checks from customers returned by bank $ 800 Cash in petty cash fund $ 350 Inventory of postage stamps $ 33 U. S. Treasury bill purchased on December 15 and maturing on February 28 of following year $ 11,500 Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?