As above, assume Tempus uses a 30% tax rate when providing for deferred tax assets and liabilities.  If Tempus sold its Available for Sale Securities on the last day of 2022, what impact would this have on Tempus’ PRE-TAX INCOME in 2022?

Unrealized Gain on Trading Securities:Effect on Net Income Effect on Cash from Operations 

Increase the Valuation Allowance related to Deferred Taxes:Effect on Net Income Effect on Cash from Operations

A firm delivers a service for which it had previously been paid $900.  Don’t worry about the cost side of things here

A firm spends $5000 in cash on research and development

A firm buys a machine for $400.  Of this, $100 is in the form of cash and the rest is a long-term note worth $300

 Purchase inventory on credit: Effect on Net Income Effect on Cash from Operations

A firm issues long-term debt with a face value of $10,000 for $9,500 in cash

A firm acquired an intangible asset LAST YEAR for $10,000.  It expected the intangible asset to provide a benefit for 5 years and have no residual value at the end of 5 years.  What does the firm record related to this intangible asset THIS YEAR?

This question is unrelated to the other questions in this section.    Suppose the balance sheets for 2022 and 2021 of a firm show that Retained Earnings increased by $500. If Dividends were $300 for 2022, what was Net Income for 2022?