For the just completed year, hanna company had net income of $101,500. balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows:
december 31
end of year beginning of year
current assets:
cash $ 59,000 $ 82,000
accounts receivable $170,000 $188,000
inventory $442,000 $340,000
prepaid expenses $11,500 $13,000
current liabilities:
accounts payable $352,000 $396,000
accrued liabilities $9,000 $12,000
income taxes payable $35,000 $26,000
the accumulated depreciation account had total credits of $54,000 during the year. hanna company did not record any gains or losses during the year.
required:
1. using the indirect method, determine the net cash provided by operating activities for the year. (list any deduction in cash and cash outflows as negative amounts.)

Which of the following statements accurately describes how costs and benefits are calculated?

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .