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3 years ago

The form of business that limits the liability of individuals for the risks involved in business activities is known as _____.

Business

1 answer:

m_a_m_a [10]3 years ago

3 0

Answer:

The correct answer to the following question will be Option A (Corporation).

Explanation:

A Corporation seems to be a separate legal entity and is different from its proprietors. Corporations possess most of individual responsibilities and rights: they can sign contracts, lend and borrow the money, sue and prosecute, hire workers, own properties, and paying taxes. Some call him a "legal person".

A company form that declares the enterprise as a distinct, corporate entity governed by people known as the management board. Perhaps the most beneficial way to begin an enterprise is a corporate structure, as the organization operates as a distinct entity.

Therefore, Option A is the right answer.

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The net income or net loss is calculated on the

Ber [7]

The net income or net loss is calculated on the statement of owner’s equity.

4 0

3 years ago

Windsor Locomotive Corporation purchased for $550,000 a 40% interest in Lopez Railways, Inc. This investment enables Windsor Loc

Vanyuwa [196]

Answer:

Journal Entries

Dr. Investment in Lopez Railways Inc. $600,000

Cr. Cash $600,000

Dr. Investment in Lopez Railways Inc $59,600

Cr. Income of Investment in Lopez Railways Inc $59,600

Dr. Cash $10,800

Cr. Investment in Lopez Railways Inc $10,800

Explanation:

As Windsor Locomotive Corporation has purchased 40% interest in Lopez Railway Inc.Lopez Inc. is classified as the associate company of Windsor Corp.

Share in net Income = $149,000 x 40% = $59,600

Share In Dividend = $27,000 x 40% = $10,800

4 0

3 years ago

When Patey Pontoons issued 6% bonds on January 1, 2018, with a face amount of $600,000, the market yield for bonds of similar ri

Sliva [168]

Answer:

1.- issued at : $579,378

2.- the schedule is attached.

3 and 4.- journal entries

cash 579,378 debit

discount on bonds payable 20,622 debit

bonds payabe 600,000 credit

--to record issuance-------

interest expense 20278.23 debit

discount on bonds payable 2278.23 credit

cash 18000 credit

--to record June 30th payment---

5.-At December 31th 2018 will report as follow:

bonds payable 600,000

discount on bonds (15,986)

net 584,014

6.- it will report interest expense for:

20,278.23 June

20,357.97 December

total: 40.636,2‬

7.- maturity:

interest expense 20,898.55

discount on bonds payable 2,898.55

cash 618,000

Explanation:

For the value of the bonds at issuance, we will calcualtethe present value of the coupon payment and the maturity at market rate.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 18,000 ( 600,000 x 0.06/2)

time 8 (4 years x 2 payment per year

rate 0.035(market rate / 2)

$18000 \times \frac{1-(1+0.035)^{-8} }{0.035} = PV\\$

PV $123,731.1997

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 600,000.00

time 8.00

rate 0.035

$\frac{600000}{(1 + 0.035)^{8} } = PV$

PV 455,646.93

PV c $123,731.1997

PV m $455,646.9337

Total $579,378.1334

for the schedule we will multuply the carrying value by the market rate.

the ncompare with the proceed in cash to know the amortizaiton.

This amortization will increase the carrying value of the loan.

5 0

3 years ago

Nysa works in an electricity distribution company’s customer service department. One day she gets a call from a customer who is

jolli1 [7]

Answer: The correct answer is empathy!

Explanation:

She put herself in the customers shoes and voiced that she was understanding. She was also patient but they emphasized how considerate she was in the example, so empathy is the answer ;)

8 0

3 years ago

Read 2 more answers

Which skill is most important in a candidate applying for the position of a security officer?

KatRina [158]

i believe the answer is c but don’t quote me on it

7 0

3 years ago