Answer:
D) violate the Government in the Sunshine Act open meeting laws.
Explanation:
The Sunshine Act passed in 1976, established that every meeting held by a federal agency must be open to public observation. That doesn't mean that the general public must be present at every single meeting held by a federal agency, but it requires federal agencies to notify of upcoming meeting in the Federal Register. The purpose of this law is to try to guarantee transparency in government, but again the meetings must be notified in advance but they are not open generally open to the general public. Although the records of the meetings should be public, unless they deal with national security issues.
Answer:
$20,800,000
Explanation:
Total sales, 80 million
20 million from internet sales
Objective an increase in internet sales by 4 percent
the objective was met, sales from the internet will be,
20 million is the current level
an increase of 4 % is calculated as
= $20,000,000 + ( 4/100 x 20,000,000)
= $20,000,000 + $800,000
=$20,800,000
Answer:
Which of the following statements is correct?
Explanation:
Stock which has appreciated in value must be sold before it is considered part of gross income.
Answer:
Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
Explanation:
The journal entry to record the issuance of common stock is presented below:
Cash A/c Dr $12,000 (1,000 shares × $12)
To Common Stock $10,000 ($1,000-× $10)
To Additional Paid-in Capital in excess of par - Common Stock $2,000
(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity