Shively mfg co. sold for $18,000 equipment that cost $40,000 and had a book value of $30,000. shively would report: a) operating cash inflows of $18,000b) investing cash inflows of $18,000c) operating cash inflows of $8,000d) financing cash inflows of $18,000

Acompany sells garden hoses and uses the perpetual inventory system to account for its merchandise. the beginning balance of the inventory and its transactions during september were as follows:

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066

Which phase describes the income effect