The page entry at the top right side of the journal should be <span>J1.
Hope this helps!!</span>
Answer:
Journal entry that Parent will make on the date of acquisition to record the investment in Son Inc. is <u>$1035000.</u>
Explanation:
Journal entry Parent make on the date of acquisition to record the investment in Son Inc.
The net worth of Son’s Inc. is $ 1150000. The parent acquires 90 % of it . So we assume that 90 % stock is held by parent for $ 1035000.
a. Paid the stockholder a smaller dividend per share than another common stockholder.
c. Rejected the stockholder's request to vote via proxy because she was homesick.
d. The company did not provide all stockholders with timely financial reports.
<h3>
Who is the stockholder?</h3>
- A stockholder is someone who has invested in a company's equity and who owns shares as proof of ownership.
- Investors have the same right to dividends as other ordinary shareholders. Dividend payouts can only differ when the opposite party owns a larger number of shares.
- In the event that they are not there, they also have the option to vote by proxy. The shareholder has legitimately appointed the proxy.
- All stockholders must receive timely financial reports from the company.
- However, shareholders are not involved in the day-to-day operations of the company. Therefore, they are powerless over employee hiring and dismissal.
- Following the company's settlement with the holders of preference shares, dividends are also paid to common shareholders.
To learn more about stockholder with the given link
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Answer:
The correct answer to why top managers might want to deceive investors about the true financial condition of their firm is option E) all of the above
Explanation:
The aim of management is to ensure that the company is profitable in order to increase its value and investment worthiness.
However, sometimes, they fall short due to internal and external factors that reduce profitability and increase liabilities. When this occur, the account books will show the unfavorable numbers. A deficit situation reflects negatively on the stock price and when shareholders are not getting a good return on their investment, they usually liquidate their shares and invest elsewhere.
To avoid that from happening, Top Managers usually hide liabilities that should be listed on the balance sheet to keep the firm's stock price up, inflate profits to enhance compensation tied to the firms profitability to reduce cost of expensive external audits.
Answer:
Manufacturing overhead= $59,000
Explanation:
<u>Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.</u> We need to identify the indirect costs incurred in production. It includes the <u>depreciation</u> of factory equipment.
Manufacturing overhead= Utilities, factory + Indirect labor + Depreciation of production equipment
Manufacturing overhead= 9,000 + 25,000 + 25,000
Manufacturing overhead= $59,000
