Look at the following W-2 form. What amount should be entered on the 1040EZ form on line 7 which asks for the
amount of Federal income tax withheld?
Employed
w tym
1333611-0000
22222
truly
94-11111
Employers
O No 1545-01
pour compra
24.391.55
Securty
31
Sweden
31,2461037
cond
2,897282
4 yaxwind
1.352100
Nodword
298108
10 Deprecate
try Lam
J111 Doongvan
6890 5.17635 36
New York, New York
14 on
ErP
16 more
99-0000
16
cos
10
26, 2015
Wage Tax
Statement
Sourcentos www.is gooduodes-love-2015 por
W-2 Water and The
2015
$1.557.30
$24,246.83
$2.697 82
$26.381.55

Answers

Answer 1

The amount that should be entered on the 1040EZ form on line 7 which asks for the amount of Federal income tax withheld is $2,697.82.

What exactly is federal income tax?

Federal income tax is a tax levied by the federal government on the taxable income of individuals, businesses, estates, and trusts. The tax is based on a progressive tax system, which means that the tax rate increases as income increases. The purpose of federal income tax is to provide revenue for the federal government to fund public goods and services, such as national defense, social welfare programs, and infrastructure projects.

The amount of federal income tax owed is determined by the amount of taxable income earned by an individual or business during the tax year. Taxable income is calculated by subtracting allowable deductions and exemptions from gross income. The tax rate that applies to a particular taxpayer depends on their taxable income, with higher-income taxpayers paying a higher tax rate.

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Related Questions

The quantity of a product demanded by consumers is a function of its price. The quantity of one product demanded may also depend on the price of other products. For example, if the only chocolate shop in town (a monopoly) sells milk and dark chocolates, the price it sets for each affects the demand of the other. The quantities demanded, and , of two products depend on their prices, and , as follows: If one manufacturer sells both products, how should the prices be set to generate the maximum possible revenue? What is that maximum possible revenue? Enter the exact answers. Enter your answer; p1 Enter your answer; p2

Answers

The quantity of a product demanded by consumers is a function of its price. The quantity of one product demanded may also depend on the price of other products. For example, if the only chocolate shop in town (a monopoly) sells milk and dark chocolates, the price it sets for each affects the demand of the other. The quantities demanded, and , of two products depend on their prices, and , as follows: If one manufacturer sells both products, how should the prices be set to generate the maximum possible revenue? What is that maximum possible revenue? Enter the exact answers. Enter your answer; p1 Enter your answer; p2

How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value?

Answers

Answer:

hello your question is incomplete below is the complete question

An Agile Release Train (ART) has implemented a completely automated Continuous Integration/Continuous Delivery (CI/CD) pipeline that can deploy code as it is checked into the source-code repository. How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value? 1. Release Stories that have been included in the team demo 2. Review and accept Stories as they are completed 3. Identify Stories that are cleared for automatic delivery during Iteration Planning 4. Implement Feature toggles to control which Stories are released

answer :  Identify Stories that are cleared for automatic delivery during Iteration Planning ( 3 )

Explanation:

The Best way a product owner( PO ) can adjust team events in order to take advantage of this capability and promote the flow of values is ; Identify Stories that are cleared for automatic delivery during Iteration Planning.

This is because this options identifies ART and its clearance.

explain demand of money​

Answers

Answer:

In monetary economics, the demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits rather than investments. It can refer to the demand for money narrowly defined as M1 (directly spendable holdings), or for money in the broader sense of M2 or M3.

Explanation:

The Love of Money is the root of all evil but if i give you money you will take it why???

Answers

Answer:

cause we need money for basic needs

such as cloths,shelter,education,medical needs e t c.

Answer:

yeah

Explanation:

yes because without money you wont be in this school and without money your teachers wont become the teachers they are now

Bailey stood in line for hours and purchased the new game system the day it became available for $600. Knowing that there was a high demand for the game system and a limited supply, she decided to put the item on E-bay rather than keep it. She sold it for $950. She also sold her five-year old car for $5,000. She had purchased the car for $13,000. What is the taxable nature of these transactions? Multiple choice question. Bailey has a taxable short-term capital gain of $350 and a deductible long-term capital loss. Bailey has no tax consequences for these transactions because the assets sold were "personal use" assets. Bailey has a taxable short-term capital gain of $350, but no deductible loss for the car. Bailey does not have to pay tax on the game system, but she deductible long-term capital loss.

Answers

Answer:

Bailey has a taxable short-term capital gain of the amount of $350, but no deductible loss for the car.

Explanation:

Based on the information given In a situation where Bailey purchased the new game system for the amount of $600 in which it was sold for the amount of $950. Which means that the taxable nature of these transactions is that she has a TAXABLE SHORT-TERM CAPITAL GAIN of the amount of $350, which is calculated as ($950-$600) while on the other hand their won't be any deductible loss amount for the car.

A customer who has, as part of her account holdings, unlisted REITS, as well as a limited partnership interest in an oil and gas program, may expect her servicing member firm to show A) no valuation for the unlisted REITS and the original investment made in the DPP interest. B) a per share estimated value of the securities. C) the amount shown on Tape B the business day before the account statement closing date. D) an exact per share value as calculated on the last business day of the month.

Answers

Answer:

In recent months the news about Listed Real Estate Investment Companies -

SOCIMIS-, abound in all the economic newspapers of the country, have become one of

investment instruments with the most interest in a market where the highly

named reactivation of economic growth, as well as job creation. At

The work presented below has been intended to make a small approximation to

this unique area within the framework of a new real estate market.

As an introduction to the work itself, a reflection and approach has been made

the Spanish real estate sector, which has had so much weight in the country's growth in the

recent years, analysis that will deal with the housing market both in its aspect

residential as well as for rent.

The first part of the work consists of showing the origin of this type of societies

mercantile, beyond our borders, in countries with a social and financial culture

different from that applicable in Spain. We will study the emergence of REITs, the evolution that

have followed to this day, the legal framework in which they operate, and the characteristics and

particular of the different types. All this both in his country of origin, the United States of

America as in so many others on various continents.

The central part of the theoretical work will consist of presenting the characteristics of the

SOCIMIS - Listed Stock Companies of Real Estate Investment, companies of recent

creation. Their characteristics will be analyzed in depth, comparing them with

others with similar characteristics in the market and analyzing in depth the taxation of

these and their final impact on shareholders.

Finally, the practical case of a SOCIMI will be analyzed, from before it took that name,

going through the analysis of your real estate assets, balance sheets and loss accounts and

profits, to finally land on a listed market offering investors the

participation in the company in exchange for a return.

The final part of the work will consist of the analysis in the same way as that mentioned in point

above, but with respect to other real estate assets in which it may have an interest in investing the

SOCIMI.

Credit entries in the U.S. balance of payments Group of answer choices result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets. give rise to the supply of dollars. result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets, and give rise to the demand for dollars. give rise to the demand for dollars. result from U.S. purchases of foreign goods and services, goodwill, financial claims, and real assets. Flag question: Question 15

Answers

Answer:

result from foreign sales of U.S. goods and services, goodwill, financial claims, and real assets.

give rise to the demand for dollars

Explanation:

Balance of payments is defined as a record of a country's international transactions in a statistical format over a known period of time as it is usually in the form of a double-entry bookkeeping. It gives a thorough information about the demand and supply of a country's currency and it can is used to monitor or check the performance of a country in international economic competition.

Credits on the balance of payments is found or associated with cash inflows (exports) and have a positive sign and these Credit entries generate a demand for dollars (supply of foreign currency).

What do you think are the most important components of budgeting? Why?

Answers

Answer:

I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings

Explanation:

Provide a detailed plan, including actual dollar amounts, for Xavier to wisely use the extra $400 per month from his raise. For each part of the plan, briefly describe why you're making this choice.​

Answers

Answer:

He should pay his debt off, weather it is the credit card and bills, or student loan. Also he should put $50 into the emergency funds.

Explanation:

This is the best idea, why? Well, the bills and debt should come first, way before a vacation and before a new car where possible. If you chip away at your debt, and pay on time, your credit score will increase. Now, this is great because you are paying off owed money and paying bills ahead off time and on time, also your credit increases! Without good credit, you can`t get a loan for a CAR or a HOUSE! So if his credit is bad or meh, he might not get approved, therefore, he can get the car! Now emergency funds come rights after bills and debt. He has a measly $250 dollars. Now just put $50 dollars each month, you will be good. This is great because you are steadily increasing your savings by $50 each month which adds up fast without eating  up money.  These are the *MOST IMPORTANT* options and the smartest options. After all of this, then you could take a cheap vacation, but you have to pay bills and debt on time!

The budgeting plan will be to pay the debt off and also put $50 in the emergency fund.

What is a budget?

It should be noted that a budget simply means the financial estimate of the income and expenditure of an individual.

Here, the budgeting plan will be to pay the debt off and also put $50 in the emergency fund. It's also important to spend wisely on the vacation.

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The Plastics Division of Weston Company manufactures plastic molds and then sells them to customers for $70 per unit. Its variable cost is $30 per unit, and its fixed cost per unit is $10. Management would like the Plastics Division to transfer 10,000 of these molds to another division within the company at a price of $40. The Plastics Division has excess capacity of 10,000 units for plastic moldings. What is the minimum transfer price that the Plastics Division should accept

Answers

Answer:

$30

Explanation:

Based on the information given in a situation where the Plastics Division has 10,000 units as the excess capacity for plastic moldings in which the VARIABLE COST is $30 per unit which means that the MINIMUM TRANSFER PRICE that the Plastics Division should accept will be the

VARIABLE COST per unit amount of $30.

Therefore the MINIMUM TRANSFER PRICE that the Plastics Division should accept is $30

Levels of agriculture? ​

Answers

Answer:

Helloooo

the steps are :-

Soil preparationmanuringirrigationweedingharvestingstoring

Explanation:

thanks hope it helps

Which of the following would not be provided to entrepreneurs through a business incubator?


Assistance developing a marketing plan

Assistance with meeting any regulatory hurdles

Assistance with salaries for new employees

all of the above

Answers

C. assistance with salaries for new employees

risk committee members​

Answers

Answer:

....what's the question???

The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisin Bran when its price rises. b. the result that consumers will now switch to a substitute good such as Cheerios, and the demand curve for Raisin Bran shifts to the left. c. the fact that the higher price of Raisin Bran lowers consumer's purchasing power, holding money income constant. d. the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Answers

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

Identify the 5 various ways do marketers categorize service businesses and organizations?

Answers

Answer: The five basic forms of consumer market segmentation are demographic, geographic, psychographic, benefit, and volume.

Explanation:

What traits or characteristics made Tyler Perry, Steve Jobs and Jeff Bezos successful.



Can someone help me with that please is important.

Answers

It all matters when it comes down to personality. All of those successful people became like that because of how they portray themselves to society. Some characteristics or traits they would need/have, are: funny, confident, helpful, kind, loyal, has self control, honest, and self sacrifice.
.
Hope this helped :))

Outsourcing is __________. ANSWER Unselected making a high-level, often strategic, decision regarding which products or services will be provided internally and which will be provided by external supply chain partners Unselected organizational strengths or abilities, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy Unselected the use of supply chain partners to provide products or services Unselected the use of resources within the firm to provide products or services

Answers

Answer:

the use of supply chain partners to provide products or services.

Explanation:

In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.

When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.

Hence, outsourcing refers to the use of supply chain partners to provide products or services.

Jim Smith borrowed $2,000 at a 6% add on rate for two years What is the finance charge ? Show your calculations below.

Answers

Answer:

the finance charge is $420

Explanation:

Finance charge constitutes Interest cost to be paid on the loan. Interest compensate the lender for forgoing the alternative of investing the money elsewhere.

Annual finance charge :

Interest charge = $2,000 x 6% = $120

After two years :

Interest charge =  $120 x 2 = $420

Therefore, the finance charge is $420.

Read the Management Focus feature titled Did Walmart Violate the Foreign Corrupt Practices Act? What is your opinion? If you think it did, what do you think the consequences will be for Walmart?

Answers

Answer:

Following are the solution to this question:

Explanation:

The answer is yes because the corporation is the aim of this game for both the infringement of FCPA through resort to corrupt practices in order supply public officials of preferential treatment, advantages, and unfair compensation by restricting or trying to circumvent laws. Whenever major leadership in the country engages in activities and ensures that such investigations are structured to confuse and turn regulators into simple eyewashes, it becomes much more dangerous. Its activity could be cheapened, even if the bribe is done as in nations since it arises from the U.S and also has a bad reputation even when it does illegally overseas. After convicting, a company will be obliged to pay compensation and criminal penalties alongside interest on the Securities and Exchange Board. The volume of these could be measured by the seriousness of a performed crime.

The sides of a triangle measure 4, 6, and 7. If the shortest side of a similar triangle is 12, what is the perimeter of the larger triangle?

Answers

Answer:

51

Explanation:

12 divided by 4 is 3 so we'll multiply all of the smaller triangle by 3.

4 x 3 = 12

6 x 3 = 18

7 x 3 = 21

12 + 18 + 21 = 51

What should a trader do when the one-year forward price of an asset is too low? Assume that the asset provides no income. The trader should borrow the price of the asset, buy one unit of the asset and enter into a long forward contract to buy the asset in one year. The trader should borrow the price of the asset, buy one unit of the asset and enter into a short forward contract to sell the asset in one year. The trader should short the asset, invest the proceeds of the short sale at the risk-free rate, enter into a short forward contract to sell the asset in one year The trader should short the asset, invest the proceeds of the short sale at the risk-free rate, enter into a long forward contract to buy the asset in one year

Answers

Answer:

The answer is "Choice D".

Explanation:

Please find the numbering of the choices in the attached file.

In this question, when this forward price is too low in comparison to both the location cost of production, the dealer must also reduce their assets throughout the spot market and purchase it at the potential price.  Its trader should reduce the asset, reinvest the owner-occupants profits on a risk-free basis, establish a long-term loan to buy the asset with one year.

Samuel needs to import information from Excel to an Access table, but he wants to ensure that if the source table is
changed, the information in Access will be updated automatically. What should he do?
O Create a new copy of the Excel spreadsheet and import it
O Create a linked copy of the Excel spreadsheet.
O Create a linked database and merge it with the Excel spreadsheet.
O Create a new database and import the Excel spreadsheet.

Answers

Answer:

B

Explanation:

The owner of a chicken processing plant makes $1,000,000 per year from his chicken processing plant, and $1,000,000 per year from other sources. He notices that a total of $30,000 worth of chickens per year are being taken home by his 100 employees to supplement their minimum wage living standards (this works out to less than $6 per week per employee). These chickens are being taken out through the fire safety doors, so the owner is considering blocking the doors permanently. This is against the law because any reasonable person knows that sealing fire doors kills people in the event of a fire. The probability of a fire is 0.01 per year (one percent per year). If a fire breaks out it will be discovered that the owner sealed the safety doors, and the owner will have to pay $F = 700, 000 worth of fines and legal fees. The owner's von NeumannMorgenstern utility function is u(x) = √x where x is the owner's income in a given year. The owner cares only about x.

Answers

Answer:

1. 1,403.567

2. 1,411.473

3. Algebraic expression 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05

4. 1,877,600

5. 1411.761

Explanation:

1. Computation for the owner’s expected utility if he leaves the fire doors unsealed.

First step is to calculate the Owner's income if he leaves the doors unsealed

Owner's income if he leaves the doors unsealed=1,000,000 +1,000,000-30,000

Owner's income if he leaves the doors unsealed=1,970,000

Now let determine the expected utility if he leaves the doors unsealed

Expected utility=1,970,000^0.5

Expected utility=1,403.567

Therefore the expected utility if he leaves the doors unsealed will be 1,403.567

2. Calculation to determine the owner’s expected utility if he permanently seals the doors

First step is to calculate the The Owner's expected income if he seals the door

Owner's expected income if he seals the door=1,000,000 +1,000,000-700,000*0.01

Owner's expected income if he seals the door= 1,993,000

Now let calculate the Expected utility if he leaves the doors sealed

Expected utility if he leaves the doors sealed= 0.99*2,000,000^0.5+0.01*1,300,000^0.05

Expected utility if he leaves the doors sealed=1,411.473

Therefore The Expected utility if he leaves the doors sealed is 1,411.473

3. Calculation to determine the algebraic expression for the owner’s expected utility as a function

First step is to calculate the The owner's expected income with a fine F

Owner's expected income with a fine F= 1,000,000 +1,000,000-F*0.01

Owner's expected income with a fine F = 2,000,000-0.01F

Now let determine The algebraic expression for the owner's expected utility if he seals the door with a fine F

Algebraic expression= 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05

Therefore The Algebraic expression is 0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05

4. Calculation to solve for the minimal fines and legal fees that will make the owner decide not to seal the doors using the expression from the previous problem and the owner’s expected utility if he leaves the fire doors unsealed

Based on the information given the owner may decide that he won't seal the door In a situation where the expected utility from sealing is as well equal to the expected utility from not sealing the door which was Calculated as:

0.99*2,000,000^0.5+0.01*(2,000,000-F)^0.05=1403.567

Now let calculate Fines and legal fees

Fines and legal fees=(2,000,000-F)^0.05=100(3.49857)= 349.857

Fines and legal fees=2,000,000-349.857^2=1,877,600

Therefore based on the above calculation in a situation were the Fines as well as the legal fees are equal to or higher than F=1,877,600 which means that the owner may decide not to seal the doors.

5. Calculation to Find the C that gives the plant owner complete coverage

First step is to calculate the owner expected utility will in a situation were the owner contributes $C to state politicians

Expected utility= 0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05

Second step is to calculate the The plant owner complete coverage when 100C=700,000

Plant owner complete coverage=700,000/100

C=7000

Third step is to calculate what the owner will likely make this contribution if the expected utility is:

0.99*(2,000,000-C)^0.5+0.01*(1,300,000+100C)^0.05 is greater than 0.99*2,000,000^0.5+0.01*1,300,000^0.05

=1411.473

Hence,

0.99*(1,993,000)^0.5+0.01*(2,000,000)^0.05= 1411.761

Therefore the owner expected utility in a situation were the owner contributes $C to state politicians is 1411.761

What is characteristic of an organization in which salespeople do most or all of their own marketing?

independent
small size
nonprofit
private

Answers

Answer:

private

Explanation:

people are doing private marketing to earn money for themselves

The mutual interdependence that characterizes oligopoly arises because: the products of various firms are homogeneous. the products of various firms are differentiated. a small number of firms produce a large proportion of industry output. the demand curves of firms are kinked at the prevailing price. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. a firm that is large will have to charge a higher price than will a small firm. entry to that industry will be easy. firms must differentiate their products to earn economic profits. Game theory can be used to demonstrate that oligopolists: rarely consider the potential reactions of rivals. experience economies of scale. that oligopolists can increase their profits through collusion. may be either homogeneous or differentiated.

Answers

Answer:

1. A small number of firms produce a large proportion of industry output.

2. A firm that is large may be able to produce at a lower unit cost than can a small firm.

3. That oligopolists can increase their profits through collusion.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. Market control by many small firms.

III. Difficult entry to new firms.

Under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.

1. The mutual interdependence that characterizes oligopoly arises because a small number of firms produce a large proportion of industry output.

2. If there are significant economies of scale in an industry, then a firm that is large may be able to produce at a lower unit cost than can a small firm.

3. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion.

The correct answers to the given statements are as follows: 1. The mutual interdependence that characterizes oligopoly arises, 2. A firm that is large may be able to produce at a lower unit cost than can a small firm, and 3. Game theory can be used to demonstrate that oligopolists may be either homogeneous or differentiated

Why are the assertions above?

1. The mutual interdependence that characterizes oligopoly arises because: the demand curves of firms are kinked at the prevailing price. In an oligopoly, firms consider the potential reactions of their rivals when making decisions about pricing, production, or other strategic choices. The kinked demand curve model suggests that firms in an oligopoly face a demand curve that is elastic above the prevailing price and inelastic below it. This creates a situation where firms are interdependent, as a change in price or output by one firm can lead to reactions from other firms in the market.

2. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. Economies of scale refer to cost advantages that arise when the scale of production increases. When there are significant economies of scale, a larger firm can spread its fixed costs over a larger output, resulting in lower average costs per unit compared to a smaller firm. Therefore, a large firm may be able to produce at a lower unit cost than a small firm in such an industry.

3. Game theory can be used to demonstrate that oligopolists: may be either homogeneous or differentiated. Game theory is a mathematical framework used to analyze strategic interactions between decision-makers. In the context of oligopoly, game theory can be used to study how firms with interdependent decisions behave and make strategic choices. It can apply to both homogeneous oligopoly (where firms offer similar products) and differentiated oligopoly (where firms offer distinct products).

However, note that the statement "oligopolists can increase their profits through collusion" is missing from the given options. Collusion refers to an agreement among firms to coordinate their actions in order to maximize joint profits. While collusion is a potential strategy for oligopolistic firms to increase profits, it is not explicitly mentioned in the given choices.

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The government tax for a sole proprietorships and a partnership is classified under
A. personal income
B. small corporations
C. tax free businesses
D. nonprofit organizations

Answers

Answer:

the answer is personal income

Answer:

A. personal income

Explanation:

got it right on edgu 2021

In which situation would you need to compromise to avoid stress and conflict?

A. when forcing others to see things your way
B. when delegating work
C. when using the I-statement
D. when dealing with changes in the organization

Answers

Answer:

i think the answer is D

Explanation:

im so sorry if im wrong

I believe that the answer is D.

Start-up costs do NOT include:
OA. Space for the business
OB. Equipment and supplies
OC. Refinancing
OD. Labor expenses

Answers

answer C bc process of elimination

Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like to charge a 15% markup. Show your work to calculate the Selling Price of the snack as well as the Total Profit that would be made per unit. Show your work

Answers

Answer: See explanation

Explanation:

The selling price of the snack will be the addition of the cost plus the markup. This will be:

Cost per unit = $4.50

Markup percentage= 15%

Markup = Markup percentage × Cost

= 15% × $4.50

= 0.15 × $4.50

= $0.675

Then, selling price will be:

= $4.50 + $0.675

= $5.175 per unit

Profit = Selling price - Cost price

= $5.175 - $4.50

= $0.675 per unit

The profit is the markup price.

BE17-1 Each of the items below must be considered in preparing a statement of cash fl ows for Baskerville Co. For the year ended December 31, 2017. For each item, state how it should be shown in the statement of cash fl ows for 2017. (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend

Answers

Answer:

(a) To be shown cash inflows from financing activity

(b) To be shown as cash outflows from investing activity

(c) To be shown as cash inflow from investing activity

d) To be shown as cash outflows from financing activity

Explanation:

(a) Issued bonds for $200,000 cash.

This should be shown as a cash inflow under financing activity section of the statement of cash flows for 2017.

(b) Purchased equipment for $150,000 cash.

This should be shown as a cash outflow under investing activity section of the statement of cash flows for 2017.

(c) Sold land costing $20,000 for $20,000 cash

This should be shown as a cash inflow under investing activity section of the statement of cash flows for 2017.

(d) Declared and paid a $50,000 cash dividend

This should be shown as a cash outflow under financing activity section of the statement of cash flows for 2017.

Additional Note:

Although this is not part of the requirement of the question, but it will assist you in your learning.

After taking all the above into consideration, they will appear as follows in statement of cash flows for 2017 (Note only they will appear is shown without any calculations since there will be other items).

Baskerville Co.

Statement of Cash Flows for 2017

(Abridged Vesrion)

Details                                                                 $                    $    

Cash from operating activities

Cash flows from investing activities

Purchase of equipment                                 (150,000)

Soles of land                                                     20,000

Cash flows from financing activities:

Bond issued                                                   200,000

Cash dividend paid                                        (50,000)

Other Questions
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