A(n) <u>Private</u><u> </u> corporation is considered closely held with few owners, whereas a(n) <u>public </u>corporation is available to any investor who wants to purchase shares of stock on the stock exchange .
A smaller corporation is referred to as ao private crporation if it only has a few shareholders and doesn't make its stock available to the general public. A public corporation, on the other hand, is permitted to sell its stock to the general public.
What distinguishes a private firm from a public corporation?
A private company is typically owned by its founders, management, or a collection of individual investors. A company that has sold all or a portion of itself to the general public through an initial public offering is referred to as a public company.
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Answer:
i think it's merger or majority interest
Answer:
The product is composed of mass produced homogenous units.
Explanation:
Process costing is utilized when there is a large production of products that have similar features. In process costing the cost of each product produces is equivalent to the cost of other products. Example of products that undergo process costing include:chemicals, processed foods, textiles, paper, oil refinery, soap.
In process costing, the finished product gotten from each stage becomes the raw material of the next stage till the last stage of completion.
The production of product in process costing is continuous and the final product derived from the production process is as a result of a sequence of processes.
The Current assets are listed on a balance sheet by order of liquidity i.e in the order of the amount of time it would usually take to convert them into cash.
n accounting terms, current assets are those assets that can reasonably be expected to be sold, consumed, or exhausted in the ordinary course of business of the company during the current fiscal year or operating cycle or fiscal year.
Current assets represent the value of all assets that can reasonably be expected to be converted into cash within one year. 1 Working capital is segregated from other resources. This is because companies rely on working capital to finance their ongoing operations and pay their current expenses.
Current assets are assets that can be converted into cash within one year. B. Short Term Investments and Accounts Receivable. Fixed assets are long-term assets with full value that can only be realized after one year, such as B. Fixed Assets and Machinery.
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