7. Recognize cash flow from personal tax returns and other data APFS48. John and Mary Customer have submitted their current personal tax return that contains the following information on various forms and schedules: Wages Interest Sole proprietor income Capital losses Total tax Taxes withheld Sales proceeds Depreciation Wages Interest Sole proprietor income Capital losses Total tax Taxes withheld Sales proceeds Depreciation $130,000 6,000 10,500 2,000 14,000 14,600 $130,000 6,000 10,500 2,000 14,000 5,000 950 14,600 5,000 950 Based on the information provided, what is the couple's cash flow? A. $137,850 B. $136,450 C. $135,500 D. $130,850
7. Recognize cash flow from personal tax returns and other data APFS48. John and Mary Customer have submitted their current personal tax return that contains the following information on various forms and schedules: Wages Interest Sole proprietor income Capital losses Total tax Taxes withheld Sales proceeds Depreciation Wages Interest Sole proprietor income Capital losses Total tax Taxes withheld Sales proceeds Depreciation $130,000 6,000 10,500 2,000 14,000 14,600 $130,000 6,000 10,500 2,000 14,000 5,000 950 14,600 5,000 950 Based on the information provided, what is the couple's cash flow? A. $137,850 B. $136,450 C. $135,500 D. $130,850
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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