Answer:
Skysong Corporation
Statement of Retained Earnings
Retained earnings balance January 1, 2020 $691,300
Add:
Adjustments to 2019 Income Statement $88,390
Net profits 2020 $1,552,100
Less:
<u>Dividends declared and distributed ($82,000) </u>
Retained earnings balance December 31, 2020 $2,249,790
Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.
<span>Chinese immigrants utilized the minority group response of segregation when they formed Chinatowns.
At that point, the Chinese </span>immigrants<span> were paid lower compensation than white specialists, who at that point reprimanded Chinese workers for pushing down pay and taking endlessly employments. After the railroad was finished and white workers in different ventures started to fear for their occupations, hostile to Chinese assaults expanded, including beatings, fire related crime, and murder.
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A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan by writing a check. You are can also borrow any part of your credit line again once you have repaid it. There are no payments until you use your line.
With a personal loan, you get the whole loan when you're approved and you start paying interest right after on the full amount. You have a schedule of payments that will get smaller until the loan is paid off.
Answer:
a. by making long trips less expensive
b. by making long trips in less time
c. by opening up new trade markets
e. by increasing travel options
Explanation:
Answer:
$47,000
Explanation:
Computation for the net cash flows from operating activities using the indirect method.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $28,000
Adjustments to reconcile net income to
Net cash provided by operating activities
Depreciation expense $15,000
Increase in Accounts Receivable -$2,500 ($8,000-$10,500)
Decrease in inventory $3,000
($21,000-$18,000)
Increase in accounts payable $5,000
(15000-10000)
Decrease in income taxes payable -$1,500 ($1,000-$2,500)
Net cash flows from operating activities $47,000
Therefore the net cash flows from operating activities using the indirect method is $47,000
