Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2021, the company begins operations by issuing stock for $12,000 and obtaining a loan from a local bank for $24,000. By the end of 2021, the company provides will preparation services of $31,000 cash and pays employee salaries of $22,000. In addition, Smith pays $1,900 in cash dividends to stockholders on December 31, 2021. Determine the amount of financing cash flows Smith would report in 2021.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2021, the company begins operations by issuing ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coffee shop in a small town or not opening the coffee shop. a.
Answers (1)
Which resource makes up a quarter of chile's exports?
Answers (1)
Lohn Corporation is expected to pay the following dividends over the next four years: $19, $15, $14, and $5.50. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever.
Answers (1)
The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision is referred to as sales management. personal selling. sales promotion. direct selling.
Answers (1)
Tudy this portion of Monique's pay stub and answer the following question. $1,000, Social Security deduction: $42, Medicare deduction: $15, Federal Taxes: $117, State Taxes: $40, Health Insurance: $25 What is Monique's net pay for this period?
Answers (1)
New Questions in Business
Dougherty Corporation purchased a new delivery van for use in its dry-cleaning business. As part of the purchase of the van the following costs were incurred: Acquisition cost 30,000, Sales tax 1,800, Title transfer 250, paid to the company logo on
Answers (1)
Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while wholesalers take an 11.5% margin.
Answers (1)
Explain what is meant by market research.
Answers (1)
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.
Answers (1)
Why did the Soviet Union experience many surpluses and shortfalls? A) The labor force wasn't well educated B) The cold climate made farming hard C) Central planners could not manage every detail D) The country depended on imports to obtain resources.
Answers (1)