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rusak2 [61]
1 year ago
7

As per the nisp guideline, an incubation unit at the institute can take up to what % of total equity in an incubated startup in

return of incubation services and supports it provide?.
Business
1 answer:
Serhud [2]1 year ago
3 0

As per the nisp guideline, an incubation unit at the institute can take up to what<u> 2-9.5%</u> of total equity in an incubated startup in return of incubation services and supports it provide?.

<h3>What is an incubation unit?</h3>

An incubation unit can be defined as an office space which a start-up project or a Small and mid-size enterprises (SME) company as well as a promoters can make use of.

This unit can tend to take up to 2-9.5 percent of the equity in an incubated early startup  that do not have business ideal in return of the services and supports they rendered to them.

Therefore as per the nisp guideline, an incubation unit at the institute can take up to <u>2-9.5%</u> of total equity.

Learn more about total equity here:brainly.com/question/25847981

#SPJ1

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The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of
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Answer:

1. Cash balance according to bank statement $370,000

Cash balance according to company’s records $370,000

2. a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co $6,840

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Cr Cash $6,985

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Explanation:

1. Preparation of a bank reconciliation

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Bank Reconciliation

April 30

Cash balance according to bank statement $388,600

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Add: Bank Error in Charging check as $420 instead of $240 [$420 - $240] $180

Deduct: Outstanding Checks $61,280

Adjusted balance $370,000

Cash balance according to company’s records $334,985

Add: Note and Interest Collected by bank $42,000

Deduct: Error in Recording Check [$7,600 - $760] $6,840

Deduct: Bank Service Charges $145

Adjusted balance $370,000

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a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co [$7,600 - $760] $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

($6,840+$145)

3. Based on the information given If a balance sheet is prepared for American Medical Co. on April 30, the amount that should be reported as cash will be $370,000

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