Land costing $71,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement asother expense. On the statement of cash flows, what amount should be reported as an investing activity from thesale of land?
a. $50,000
b. $71,000
c. $121,000
d. $21,000
a
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Acme Global just received a large order and needs more work hours to complete the order. The order must be finished in 2 weeks. At that time, the labor shortage will be over. Acme Global’s best method for dealing with its labor shortage would be ______.
A. overtime B. turnover reduction C. retraining D. outsourcing
Always use a comma before somebody's name in a sentence
A) True B) False
Jillian, a single taxpayer, had the following sales of Sec. 1231 property this year:Sale of land A at a gain of $15,000Sale of land B at a gain of $12,000Sale of land C at a loss of $8,000a.Assume Jillian has taxable income from other sources exceeding $500,000. What is the amount of her resulting tax liability on the property sales?b.Assume instead that Jillian's taxable income from other sources is less than $15,000. What is the amount of her resulting tax liability on the property sales?c. Assume instead that Jillian's taxable income from other sources is in the 24% tax bracket. What is the amount of her resulting tax liability on the property sales?
What will be an ideal response?
Domain entities are entities that represent the core business elements of the database
Indicate whether the statement is true or false