Fox, inc. reported net income of $300,000 for the current. changes occurred in several balance sheet
accounts as follows:

equipment $25,000 increase

accumulated depreciation 40,000 increase

note payable 30,000 increase

additional current year information:

• during the year, fox sold equipment costing $25,000, with accumulated depreciation of $12,000, for a gain of $5,000.

• in december, fox purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000.

• depreciation expense for the year was $52,000.

in fox's statement of cash flows for the year, net cash provided by operating activities should be:

In order to minimize project risk which step comes after the step of identifying risks

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.