Doral Corp. has provided a part of its budget for the third quarter: JulyAugustSeptember Cash Collections$40,000 $45,000 $52,000 Cash Payments Purchases of Inventory 4,500 7,200 4,500 Operating Expenses 7,900 5,600 9,000 Capital expenditures 0 20,000 4,600 The cash balance on July 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. What is the cash balance at the end of September

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

Amanda works as an industrial designer

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?