1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
m_a_m_a [10]
2 years ago
13

Even after commencement of business operations, officers and directors have a responsibility to comply with _______.

Business
1 answer:
serg [7]2 years ago
3 0

Even after the commencement of business operations, officers and directors have a responsibility to comply with corporate formalities.

<h3>What are the duties of corporate directors and officers?</h3>

In general, the officers are in charge of carrying out the board's policies and making day-to-day choices, while the board of directors is in charge of important business and policy decisions.

  • announcing and disbursing corporation dividends.
  • approving significant corporate choices.
  • hiring, promoting, managing, and firing managerial and corporate leaders.
  • choosing between issuing bonds or stock.

A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.

Officers and directors are still required to follow corporate formalities even after the start of business operations.

To learn more about the duties of corporate directors and officers refer to:

brainly.com/question/13322642

#SPJ4

You might be interested in
Supply of a product will tend to be more inelastic when
lara31 [8.8K]
The supply of the product tend to be more inelastic when the prices of the goods are high. Supply inelasticity is caused by the sudden change of the price of goods needed to release the supply and more often than not, that change of price is a price hike; meaning, the increase of price reasonable or not.
3 0
3 years ago
Joann's health insurance plan allows all tests and specialist visits without referral by her doctor. joann, most likely, has wha
Mademuasel [1]
Joann, most likely, has Point of Services type of insurance plan. There are six types of the insurance health plans that differs by their premium and benefit. The HMO plan, the PPO plan, the EPO plan, and the Point-of-Service Plan (POS) are the types of insurance plan that shares a similar benefit. However, the POS plan gives the most freedom in term of health providers. Thus, POS plan is the most suitable answer.
6 0
3 years ago
Read 2 more answers
Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
goblinko [34]

Answer:

                                         ADJUSTED BOOK BALANCE

Bank balance              $59,549      Book balance         $61,709

+ Deposit in transit      $4,250        Interest earned          $33

- Outstanding checks  <u>$2,075</u>        Bank service fees      <u>$18</u>

Adjusted book             <u>$61,724</u>                                    <u>$61,724</u>

balance

8 0
3 years ago
The Chewbacca Starship Company had the following transactions during the month of December:
Naily [24]

Answer:

The Chewbacca Starship Company

T-accounts:

Cash

Date   Account Titles                 Debit        Credit

Dec. 1 Beginning balance      $73,500

Dec. 31 Salaries expense                        $57,000

Dec. 31 Accounts receivable 265,000

Dec. 31 Accounts payable                       210,000

Accounts receivable

Date   Account Titles           Debit        Credit

Dec. 1 Beginning balance   $60,000

Dec. 31 Sales revenue         154,000

Dec. 31 Cash                                     $265,000

Accounts payable

Date   Account Titles           Debit        Credit

Dec. 1 Beginning balance                  $39,000

Dec. 31 Inventory                               230,000

Dec. 31 Cash                    $210,000

Inventory

Date     Account Titles           Debit        Credit

Dec. 31 Accounts payable   $230,000

Sales revenue

Date     Account Titles           Debit        Credit

Dec. 31 Accounts receivable              $154,000

Salaries Expense

Date     Account Titles           Debit        Credit

Dec. 31 Cash                       $57,000

Explanation:

a) Data and Analysis:

a. Inventory $230,000 Accounts payable $230,000

b. Salaries expense $57,000 Cash $57,000

c. Accounts receivable $154,000 Sales revenue $154,000

d. Cash $365,000 Accounts receivable $265,000

e. Accounts payable $210,000 Cash $210,000

Opening balances:

Cash $73,500

Accounts receivable $60,000

Accounts payable $39,000

3 0
2 years ago
Identify five typical users of accounting information​
RUDIKE [14]

Answer:

Owners,and stockholders, directors,officers, internal departments

Explanation:

4 0
3 years ago
Other questions:
  • What are the two most popular ways people make networking contacts? 
    8·2 answers
  • Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she
    7·1 answer
  • You have recently accepted a position with Vitex, Inc., the manufacturer of a popular consumer product. During your first week o
    11·1 answer
  • Discuss the role of reverse culture shock in the repatriation process. What can companies do to avoid this problem? What kinds o
    11·1 answer
  • Rick Co. had 36 million shares of $3 par common stock outstanding at January 1, 2018. In October 2018, Rick Co.'s Board of Direc
    11·1 answer
  • Organizations use ________ planning to determine what contributions the departments or work units can make toward the organizati
    10·1 answer
  • Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value
    6·1 answer
  • If Congress increased the tax rate on interest income, investment a. and saving would increase. b. would increase and saving wou
    13·1 answer
  • Why are countries motivated to trade with one another?
    9·2 answers
  • A bond that has a face value of $150 maturing in one year is available for purchase for $134 . What is the interest rate offered
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!