Bad brad's bbq had cash flows for the year as follows ($ in millions): cash received from: customers $1,800interest on investments 200sale of land 100sale of common stock 600issuance of debt securities 2,000cash paid for: interest on debt $300income tax 80debt principal reduction 1,500purchase of equipment 4,000purchase of inventory 1,000dividends on common stock 200operating expenses 500bad brad's would report net cash inflows (outflows) from financing activities in the amount of: a) $1,100.b) $820.c) $900.

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.