Selma operates a contractor's supply store. she maintains her books using the cash method. at the end of the year, her accountant computes her accrual basis income that is used on her tax return. for 2016, selma had cash receipts of $1,400,000, which included $200,000 collected on accounts receivable from 2015 sales. it also included the proceeds of a $100,000 bank loan. at the end of 2016, she had $250,000 in accounts receivable from customers, all from 2016 sales.

a. selma's accrual basis gross receipts for 2016 are

selma paid cash for all of the purchases. the total amount paid for merchandise in 2016 was $1,300,000. at the end of 2015, she had merchandise on hand with a cost of $150,000. at the end of 2016, the cost of merchandise on hand was $300,000.

the cost of goods sold for 2016 under the accrual method is

the gross profit from merchandise sales for 2016 under the accrual basis is

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?