1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
3 years ago
11

Sujo Ltd. commenced operations in early 2019. The company incurred HK$60,000,000 of costs such as fees to underwriters, legal fe

es, governmental fees, and promotional expenditures during its formation. Prepare journal entries to record the HK$60,000,000 expenditure and 2019 amortization, if any.
Business
1 answer:
love history [14]3 years ago
3 0

Answer:

Explanation:

Dr Organization Expense 60mill

Cr Cash                                       60mill

You might be interested in
What is one example of how a government exhibits limited influence in a market economy?
Gekata [30.6K]

Answer: I would choose the 3rd choice.

Explanation:the creation of privately-owned businesses

4 0
3 years ago
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the follo
sdas [7]

Answer:

The correct answer is (d)

Explanation:

The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.

4 0
2 years ago
George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his t
jek_recluse [69]

yo what sup bro I have no idea on what to say so just pray to God and he will give it to you

8 0
2 years ago
The statement of owner's equity: Multiple Choice
QveST [7]

Answer:

E. Reports how equity changes over a period of time.

Explanation:

Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.

And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.

There is no statement prepared to show any change in owner's equity at a point.

Statement reporting cash flows is called cash flow statement.

Therefore, correct option is:

Statement E

5 0
3 years ago
Cash Flow:
ss7ja [257]
Both y and x is the correct answer
3 0
3 years ago
Other questions:
  • Which of the following statements is true of retailing? A) All retail stores are full-service retail stores. B) A department sto
    6·1 answer
  • Your parents have made you two offers. The first offer includes annual gifts of $10,000, $11,000, and $12,000 at the end of each
    12·1 answer
  • Jordan performs services for Ryan. Which of the following factors, if any, indicates that Jordan is an independent contractor ra
    13·1 answer
  • For the past 5 months Kaia's gift shop had these profits or losses: –$120, $85, –$60, –$35, and $40.
    9·2 answers
  • Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Jan
    15·1 answer
  • An adjusting entry was made on year-end December 31 to accrue salary expense of $2,200. Assuming the company does not prepare re
    11·1 answer
  • Answer the question on the assumption that the legal reserve ratio is 20 percent. Suppose that the Fed sells $500 of government
    13·1 answer
  • how all calculations: Palmer Inc. currently produces 110,000 units at a cost of $440,000. Next year Palmer Inc. expects to produ
    10·1 answer
  • Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2)
    9·1 answer
  • Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!