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nekit [7.7K]
1 year ago
12

In the cleveland custom cabinets case, the owner of the company thought it was all right to manipulate the financial statement n

umbers primarily because:_____.
Business
1 answer:
True [87]1 year ago
4 0

In the Cleveland custom cabinets case, the owner of the company thought it was all right to manipulate the financial statement numbers primarily because he was the sole owner of the company and controlled the board of directors.

But, the sole owner is for my part answerable for all debts incurred by using the enterprise." Examples of sole owners encompass small corporations which include, a local grocery keep, local garments save, an artist, a freelance author, an IT representative, a freelance photo designer, etc.

A sole owner—additionally called a sole trader or a proprietorship—is an unincorporated business that has simply one proprietor who will pay private earnings tax on profits earned from the commercial enterprise.

Sole ownership manner distinct possession. it is a possession so entire that no other man or woman has any interest in the assets. someone's ownership is "sole" while no person apart from the character has any interest inside the belongings as owner.

Learn more about  sole owner here brainly.com/question/4442710

#SPJ4

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musickatia [10]

Answer:

We can rent 1,070.6  videos or purchase 1,338.25 pizzas or any combination between the budget line attached

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We have to divide our income for the cost of each item and them draw the budget line

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4 0
3 years ago
The accounts below all have normal balances.
Daniel [21]

Answer:

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3 years ago
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
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Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

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On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a  notes Receivable  of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

5 0
3 years ago
Purchases that have substantial social or economic consequences: question 13 options: represent routine purchases that pose litt
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7 0
3 years ago
Your company decides to use internal sources for developing new product ideas. Which of the following would not be a common inte
Fed [463]

Answer: (D) Suppliers

Explanation:

 According to the given question, the organization using the various types of internal sources as it helps in developing the various types of new products ideas in the market.

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3 years ago
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