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Problem 1: These are cash inflows and outflows associated with buying and selling of fixed or other long-term assets.
Option 1: net change in cash and cash equivalentsOption 2: cash flows from investing activitiesOption 3: cash flows from financing activitiesOption 4: cash flows from operations
Problem 2: In 2018, Lower Case Productions had cash flows from investing activities of +$50,000 and cash flows from financing activities of +$100,000. The balance in the firm's cash account was $80,000 at the beginning of 2018 and $65,000 at the end of the year. What was Lower Case's cash flow from operations for 2018?
Option 1: -$65,000Option 2: -$15,000Option 3: -$150,000Option 4: -$165,000
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Towsen Inc. manufactures recreational vehicles. Towsen uses a job order cost system. The time tickets from July jobs are summarized below.Towsen Inc. manufactures recreational vehicles. Journalize the entry to record the factory labor costs. If an am..
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Sam and Elizabeth Jefferson file a joint return.- what is their allowable deduction for personal and dependency exemptions?
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For the most recent year, Triad Company had fixed costs of $290,000 and variable costs of 80% of total sales revenue, earned $87,750 of net income after taxes, and had an income tax rate of 35%. Determine the before-tax income. Determine the total co..
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