Stockholders' equity of Ziyech Corporation as of January 1, 2020, is as follows: Common stock, $20 par; issued and outstanding 90,000 shares: $1,800,000 Paid-in capital – excess of par: $900,000 Retained earnings: $760,000 Ziyech had not repurchased shares before. During 2020, Ziyech entered into the following transactions: 1. Acquired 2,500 shares of its stock for $75,000. 2. Sold 2,000 treasury shares at $32 per share. 3. Sold the remaining treasury shares at $20 per share. Assuming no other equity transactions occurred during 2020, net income and dividends for the year were $33,000 and $6,000, respectively, what is retained earnings balance on December 31, 2020?

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000

What is difference between fiscal year and tax year? explain in the simplest way.