A company started the accounting period with a $15,000 balance in the land account and ended the period with a $34,000 balance in the account. During the period, a company issued a mortgage payable to purchase land, but did not make any land sales. Based on this, the cash flow reported for the purchase of land on the statement of cash flows will be $

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?