In general, when a corporation is to be created, it gets its charter from <u>the state government. </u>
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Corporations:
- Get their charter from a state government
- Are bound by the laws of the state in which they are registered
The powers that state governments have in the United States include being able to license corporations and when they do this, that corporation is bound by their laws.
Corporations would therefore usually look for states with more lenient laws.
In conclusion, corporate charters come from the state government.
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My guess for this answer is D , Hope this helps
Answer:
Cost of merchandise sold = $ 28
Gross profit = $ 13
The ending inventory under the LIFO method = $ 18
Explanation:
Given:
October 5,
Purchased units = 1
Unit cost = $5
on October 12,
Purchased units = 1
Unit cost = $ 13
On October 28,
Purchased unit = 1
Unit cost = $ 15
Total cost of the 3 units purchased = $33
Now, the unit sold on October 31 will be the unit purchased in the end i.e on October 28
thus,
Cost of merchandise sold = $ 28
Gross profit = Selling price of the unit - Unit price of purchase
or
Gross profit = $ 28 - $ 15 = $ 13
now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18
Answer:
1. Rule out other explanations such as an error by the computer distributor.
Explanation:
The best and most appropriate action is to rule out explanation. There can be an error with the shipment or by computer distributor. Before suspecting Bill for the missing computer we need to seek explanation from him. The computer can either be loss or missed out when shipped. Bill should be asked to explain the missing inventory. The explanation from Bill can be a point for further investigation.
Answer:
if I'm correct I think both bondholders and shareholders
