Granval thinks a partnership will reduce his personal financial responsibility. this is true only if Granval is not a general partner.
General partnership is a type of business agreement which is made between two or more individuals who agree to share all the assets, profits as well as liabilities of the business.
Because of the simplicity and tax benefits in the general partnership, a general partnership is one of the most common legal business entities.
However, it's very important to consider that each partner is personally responsible for the business, including debts and lawsuits, and is held liable for the actions of their partners.
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A) protecting the country and D) public schools im sure this is the answer
The student who is probably going to have the
most difficult time retrieving the information from long-term memory a few days
later would be:
“Alexander who repeats the fact to himself 10
times in a row.”
<span>Aside from Alexander, all other students are
using visual representation or other facts to help them remember the original
fact. The method of memorization
Alexander doing is very prone to be overlooked since he is storing it word by
word rather than trying to associate it with other easier things to remember.</span>
Answer:
Net income is overstated by $28,000.
Explanation:
As the company forget to make the adjustment entry it didn't recognize any expense for the expired insurance.
From September to December 31th 4 month of insurance has expired:
42,000 x 4 month/6 months = 28,000 insurance expense
as the expense weren't post the income statement is overstated along with the assets of the company as it doesn't have a prepaid amount for 42,000 but for 14,000
Explanation:
The computations are shown below:
a. Proceeds from the short sale (net of commission)
= Number of shares × (Market selling price per share - commission per share)
= 100 × ($25 - $0.10)
= $2,490
b. The dividend payment is
= Number of shares × dividend paid per share
= 100 shares × $2.50
= $250
c. Total cost including commission is
= Number of shares × (Market purchase price per share + commission per share)
= 100 × ($16.20 + $0.10)
= $1,630
d. The net gain from your transaction is
= $2,490 - $1,630
= $860
