Answer:
b) Income is allocated on a pro rata basis
Explanation:
A partnership is an agreement between two or more people to oversee a business and share in the profit and losses made by the business.
In a partnership when income comes in it is shared.on a pro rata basis.
This means income is given based on the level of ownership of the business.
For example a partner that has 60% ownership of the partnership is expected to collect 60% of the business income.
Pro rata is also called proportional rate.
The answer is Public debt includes debt that is held by the social security Administration.
Public debt is the total amount, including total liabilities, borrowed by the government to meet its development budget.
What is Public debt?
- Public debt has to be paid from the consolidated fund of India. It is also used to refer overall liabilities of central and state governments, but the union government clearly distinguishes its debt liabilities from the state.
- The sources of public debt are dated government securities (G-Secs), treasury bills, external assistance, and short term borrowings.
- However, if the public debt is calculated as government liabilities, which also includes the liabilities of states.
To learn more about Public debt
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Answer:
Feedback
Explanation:
Feedback is the response you get from the customers.
Answer:
1. Record the transaction assuming Clothing Frontiers has no-par common stock.
January 1, issuance of 600 stocks
Dr Cash 24,000
Cr Common stock 24,000
April 1, issuance of 100 stocks
Dr Cash 4,400
Cr Common stock 4,400
2. Record the transactions, assuming Clothing Frontiers has either $1 par value or 41 stated value common stock.
January 1, issuance of 600 stocks
Dr Cash 24,000
Cr Common stock 600
Cr Additional paid in capital 23,400
April 1, issuance of 100 stocks
Dr Cash 100
Cr Common stock 100
Cr Additional paid in capital 4,300
Based on standard practice <u>State Real Estate Commission</u> is responsible for selecting the required yearly CE topics.
What is CE in Real Estate?
CE in Real Estate is a term that is used to describe the Continue Education that must be participated by the agents and brokers to retain and maintain real estate license.
To maintain the required yearly CE topics, the State Real Estate Commission set the standard, including the requirements, duration, and due dates.
Hence, in this case, it is concluded that the correct answer is "State Real Estate Commission."
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