Answer:
Yes
Explanation:
Making profit is a good thing because Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
Answer: <em>Option (D) is correct.</em>
From the given options, the following is least feasible to be taken in consideration as a substantive practice relating to payroll: <em>Test whether employee time reports are approved by supervisors.</em>
<em>Payroll commonly is a term that is referred to as the cumulative sum of money that an organization pays to an individual. It can also be stated as organization's records of individual's salaries, bonuses, and taxes. </em>
<em>Therefore it'll be futile to take in consideration "whether employee time reports are approved by supervisors", as a substantive procedure relating to payroll.</em>
It's a symbol of showing an eye often surrounded by rays of light or a glory and usually enclosed by a triangle. It represents the eye of God watching over humanity. Hope this helps.
Answer:
Any excess funds above those required to pay-off encumbrances realized at a foreclosure sale belong to common stockholders.
Explanation:
Common stockholders are the legal owners of a company. Any excess funds realized at a foreclosure sale are distributed to common stockholders.
Answer:
$25,000
Explanation:
Calculation to determine How much goodwill should be recognized by Rommer Company when recording the purchase of Daley Inc.
Using this formula
Goodwill=Beginning cash-Ending book value-Fair value tangible assets-Fair value intangible assets
Let plug in the formula
Goodwill=$4,700,000-$4,000,000-$525,000-$150,000
Goodwill=$25,000
Therefore the goodwill that the company should be recognized by Rommer Company when recording the purchase of Daley Inc. $25,000
