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For each of the following transactions, indicate whether operating (O), investing (I), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-), or (NE) if the transaction has no effect on cash.
1. Purchased new equipment by signing a promissory note.
2. Recorded and paid income taxes to the federal government.
3. Issued shares of stock for cash.
4. Prepaid rent for the following period
5. Recorded an adjusting entry for expiration of a prepaid expense.
The main reason to prepare a differnetial analysis report is to: a. Decide between two options b. See if there has been a difference in net income over a period of time such as 5-10 years'
Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?
The preferred stockholders were paid $20,000 for each of 2010 and 2009 years respectively. What is the amount of dividends common shareholders will receive in 2011?
baumgardner companys bank statement from last national bank at august 31 2010 shows the following information.balance
the following information was taken from the annual manufacturing overhead cost budget of center company. variable
the final exam covers modules 01-10 and consists of a series of short answers to given questions or statements. in a
Bailey Company sells 25,000 units at $15 per unit. Variable costs are $8 per unit, and fixed costs are $35,000. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:
minden company manufactures a high-quality wooden birdhouse that sells for 20 per unit. variable costs are 6 per unit
Prepare a table to summarize the preceding transactions as they affect the accounting equation.
in the following independent situations indicate the effect on taxable income and e amp p stating the amount of any
The effective interest method of amortization is being used. Pinkley expects the machine to have a ten-year life with no salvage value, and be depreciated on a straight-line basis. Collectibility of the rentals is reasonably predictable, and there..
which of the following lists the components of the master budget in correct chronological order?a. direct labor budget
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