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Problem 1: Waterworks owns 40% of the common stock of Baoli Inc. Baoli reported net income of $ 20,000 in 2020 and distributed $ 5000 as dividends. To record this, Waterworks will: a. Increase cash inflows from investing activities by $ 20,000 and increase cash inflows from financing activities by $ 5000b. Deduct $ 20000 from net income in the operating activities section and add $ 5000 to the cash inflows from operating activitiesc. Increase cash inflows from operating activities by $ 20000 and add $ 5000 to the cash inflows from operating activitiesd. Show the $ 20000 in the schedule of non-cash activities and increase cash inflows from investing activities by $ 5000
Estimate Target's return on equity (ROE) for each of these two years, using the DuPont decomposition to indicate the profit margin, the asset turnover
Assume you expect to retire in 30 years. You want to be assured that you can provide yourself with annual cash flows of $70,000 at the end of each year after
Smithson Corporation's, Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
Oil Company, Inc. spends G&G exploratory costs of $800,000 before spending $750 per acre to acquire a 640-acre lease, along with legal attorney fees of $2,400, and title and recording fees of $1,000 to complete the acquisition.
Discuss the advantages and disadvantages of using a perpetual inventory system. From the data presented in this case, is there any indication of the adequacy of inventory levels during the year?
Find how much overhead will be assigned. The Milling Department logs 1,400 machine hours and the Cutting Department shows 3,000 machine
what is the balance of allowance for uncollectible accounts after each of these adjustment - (Ending balance should remain unchanged?
Maggie's Muffins, Inc., generated $4,000,000 in sales during 2016, and its year-end total assets were $2,400,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and ..
A long-term investment in bonds with a cost of $500,000 was sold for $600,000 cash. What was the effect of the transaction on cash flows
Realtor Ltd leases its property from a related company called RioCom Limited. RioCom is currently being audited. Your audit of the lease indicates that the rental terms are in excess of rental terms for similar buildings in the area. Explain, with re..
he will receive annual payments of $53,000 for the next 10 years. How much must he deposit if the interest rate is 8% compounded quarterly?
What is the break-even selling price per unit for the special sales order (what is the selling price that would result in a zero effect on operating income)
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