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Ivan
2 years ago
15

The number of shares that a corporation's incorporation document allows it to sell is referred to as

Business
1 answer:
SashulF [63]2 years ago
6 0

The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.

<h3>What is a Corporation?</h3>

This refers to a business entity that has a group of members who acts together for a set goal.

Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.

Read more about stocks here:

brainly.com/question/25572872

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Sales reported on the income statement were $690,000. The accounts receivable balance declined $39,000 over the year. Determine
koban [17]

The amount of cash received from customers is 729,000

<h3>What is income statement?</h3>

An income statement is a financial statement that shows you the company's income and expenditures

Cash received from customers

= Sales + Decline in receivable balance

= $690,000 + $39,000

= $729,000

Hence, the amount of cash received from customers is $729,000

Learn more about income statement here : brainly.com/question/21851842

#SPJ1

8 0
2 years ago
The Balance Sheet should be prepared a. before the income statement and after the statement of owner's equity. b. after the inco
Colt1911 [192]

Answer:

The answer is B. After the income statement and before the statement of owner's equity.

Explanation:

Income Statement shows the profitability of a business over a period of time.

Balance sheet shows the financial position of a business at the end of the period.

Statement of owner's equity shows the changes in owner's equity over a period of time.

Balance sheet is prepared after the income statement because profit for the year(net profit) in income statement is a line item under owner's equity in balance sheet. It must be known and the figure(net income) must be transferred to balance sheet (equity).

It is prepared before the statement of owner's equity because changes in equity (difference between opening and closing balance under equity in balance sheet) is a line item under changes in owner's equity. Also, issues of shares(in balance sheet) is a line item under statement of changes in owner's equity.

5 0
3 years ago
g In a very long run situation, monopolies earn: a. an economic profit of 1%. b. an economic profit of 100%. c. an economic prof
egoroff_w [7]

Answer:

 b. an economic profit of 100%.

Explanation:

A monopoly is when there is only one firm operating in the industry. There are high barriers to entry of firms in a monopoly. Profit is maximised where MR = MC.

Economic profit is affected by the entry or exit of firms into the industry in the long run. Due to the high barriers to entry, a monopoly earns economic profit in the long run.

I hope my answer helps you

5 0
3 years ago
Why don't most tax expenditures help much if your federal tax bill is zero? You don't qualify for tax breaks if your federal tax
MakcuM [25]

Answer: Most tax breaks reduce taxable income, but reducing taxable income below zero does not reduce the tax bill.

Explanation:

Tax breaks can be used to reduce your taxable income sometimes all the way to zero. This however simply means that you don't have to pay income tax but does not mean that there won't be other taxes to pay.

Because of these additional taxes left to pay, a person will still pay certain taxes even if their taxable income is below zero. Tax expenditures therefore do not help much with a federal tax bill of zero.

6 0
2 years ago
Suppose that businesses buy a total of $170 billion of the four resources (labor, land, capital, and entrepreneurial ability) fr
Delicious77 [7]

Answer:

The businesses paid $24 billion in entrepreneurial ability. This value comes from subtracting the wages, rent and interest from the total amount of businesses' purchase. In this case 170 - 88 - 24 - 34 = 24.

Explanation:

This value can be understood as goodwill that households are recognized for their ideas and can bring a future return to the businesses. The businesses had assessed the future stream of cash the household could bring and, basing our guess on businesses behaving rationally, and they found that 170 was an amount that will recognize these future opportunities

8 0
3 years ago
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