Lin most likely a victim of fraud. Fraud is the intentional taking something from another individual for personal or financial gain which would make the other party at disadvantage. Committing fraud is a criminal offense and the victim could make legal actions to chase the criminal.
The total payroll amount is $50,000 per week.
Since there are only 5 work days per week (Monday to
Friday), therefore the employees wage per day is:
Employees wage per day = $50,000 / 5 = $10,000
For the payday on April 4, the wages expense covered for
this would be from April 1 to April 4 since the accounting period ended on
March 31. Therefore wages expense in the journal entry would be calculated
using 4 days.
Wages expense for April for the payday April 4 = Employees
wage per day * Number of days
Wages expense for April for the payday April 4 = $10,000 * 4
<span>Wages expense for
April for the payday April 4 = $40,000</span>
Stop to see what’s the problem and it you can help in any way
Answer:
The correct answer is True.
Explanation:
The preferred share is one that confers on its owner an additional privilege, generally of an economic nature, compared to what we commonly call common shares.
As for ordinary shareholders, preferred shares do not expire, but nevertheless, unlike ordinary shares, they do not legitimize their holder the right to vote at general or extraordinary meetings of shareholders, and they do not attribute any equity participation of the society. Likewise, the profitability of preferred shares is also not guaranteed, since it is linked to obtaining benefits.
