Finances statement?
A company declares a dividend payable of $68,000. How is this reported surrounded by the statement of cash flows?a. $68,000 outflow, Financing Activities
b.$68,000 outflow, investing happenings
c. $68,000 inflow, Financing Activities
d. Shouldn't be reported on the statement
Answers: A or B. While a dividend deals beside investment it is financing so I pick A.
D is out because a company needs to report adjectives inflows and outflows.
C. It is not an inflow as they are paying stockholders a divedend.
I bought some silver coins 10 years ago for $5/ coin if I sell them now $17/per coin whats the tax implication
Answers: Strictly speaking, you would have a capital gain of $12 per coin that should be reported as income.
Realistically, though, how is the IRS going to know? I still have silver that I bought in 1980 for "a lot more than $17 an ounce". When I sell, that may go on my taxes as a capital loss.
If you sell to a dealer, they will keep a record of your ID to keep the local police happy. They will not report you to the IRS.
Just sell them to a dealer or collector. It's all in cash so no reason to bring up taxes
A co sell 200k unit. FC are $300k and the VC are 60% of the SP, OI since tx 300k what is SP per part?
FC=fixed costs; VC=variable costs; SP=selling price; OI=operating income. I have tried & tried to digit this one out, so I am asking for help.Answers: 200P = FC + VC + OI
200P = 600 + 200(.6P)
200P - 200(.6P) = 600
200P - 120P = 600
80P = 600
P = 7.5
7.5(200 - (300 - 4.5(200) = 300