Answer:
The correct answers is letters "A" and "B": LLC; Corporation.
Explanation:
Limited Liability Companies (LLCs) are businesses in the U.S. where owners do not share liabilities for the firm's operations. Though, taxes are passed to owners who file them in their tax returns. Corporations, as well, separate the entity from its owners, thus, they are not responsible for the entity's liabilities if it defaults. Corporate owners can borrow funds from the corporation, trade the property, and sign binding contracts.
Answer:
How many times will interest be added to the principal in 1 year if the interest is compounded quarterly? C. 4
Explanation:
Compounding means at the end of every term, the interest adds up to the Principal Amount. Compounded quarterly means, you do it for every three months. So after every three months, your interest will be added to principal.
Answer:
b. whether a risk is fundamental or particular may determine how society will deal with it.
Explanation:
The fundamental risk is the risk that impacts the larger number of people or we can say the population
While the particular risk is the risk that contains the losses of personal with respect to the origin and their effects. Here it impacts an individual or smaller number of people
So the distinction between both risk could be figured out by seeing how society would deal with it
Hence, the correct option is b.
Investor-Originated Life Insurance
Answer:
Explanation:
The journal entry to record the resold share is shown below:
Cash A/c Dr $10,000 (1,000 shares × $10)
To Common Stock $3,000 (1,000 shares × $3)
To Additional Paid-in Capital in excess of par - Common Stock $7,000
(1,000 shares × $7)
(Being the resold shares is recorded and the remaining balance is credited to the additional paid-in capital account)
While reselling the stock, we debited the cash account and credited the common stock and additional paid-in capital account
All other information which is given is not relevant. Hence, ignored it