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Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance on December 31,2022 , included the

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Perry Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance on December 31,2022 , included the following expense accounts: One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be classified as administrative expenses for 2022 ? Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) A Helen Company has a 20 percent tax rate. Given the above pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) Alpha Company has a tax rate of 20 percent and income from operations (operating income) of $1,785,000. It What is the amount of income tax expense Alpha would report on its income statement? Example of Answer: 4000 (No comma, space, decimal point, or $ sign) he following information is given for Rose Company for year 2022. Iso, during the year Rose had $90,000 revenues, $80,000 expenses. Additional Ivestment made by owners in the business was $50000. Compute the amount of ividend paid by company during the year. xample of Answer: 4000 (No comma, space, decimal point, or \$ sign) David opened an IT Services Business on January 1, 2015, by investing $40,000 of his own money. After several years in business, cash balance as of Jan. 1, 2022 was $12,000. During 2022, David had the following transactions. (1) Borrowed $40,000 from bank by issuing a 5 -year note. (2) Provided $150,000 of services, collected $120,000 of it, the rest was on account (3) Sold its old equipment at book value, $2,000 in cash (4) Purchased new equipment for $25,000 in cash. (5) Paid $6,000 for utilities - phone, electricity, water, etc. (6) Paid $4,000 to bank, of which $1,200 was for interest and the rest was for payoff of principal of a loan. (7) Took $10,000 as dividend. (8) Purchased $3000 supplies, paid $2,000 in cash and the rest was on account. (9) Paid $12,000 for rent. (10) Recorded $4,000 depreciation expense on equipment. (11) Paid $4,000 to IRS for income tax. (12) Paid himself $70,000 as salaries. (13) Recorded $2,200 used up supplies at the end of the year. Compute net cashflows from operating activities. Example of Answer: 4000 or -4000 (No comma, decimal point, or $ sign. Show negative cash flow with -)

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