Answer:
The current and past missed preferred stock dividend payments must be made before a common stock dividend payment can be made.
Explanation:
Answer:
Option (d) is correct.
Explanation:
Given that,
Sales = $ 413,000
Cost of goods sold (all variable) = $ 169,100
Total variable selling expense = $ 20,700
Total fixed selling expense = $ 17,900
Total variable administrative expense = $ 13,100
Total fixed administrative expense = $ 30,400
Gross margin:
= Sales - Cost of goods sold
= $ 413,000 - $ 169,100
= $243,900
Answer:
b. Not affect total assets
Explanation: Account receivable is a term used to describe the total amount expected to be paid by debtors to a a business Organisation on transactions completed during a given accounting period,it is an asset account.
WHEN THE ACCOUNT RECEIVABLES ARE COLLECTED, THEY DO NOT HAVE ANY EFFECTS ON THE ASSETS OF A BUSINESS ORGANISATION AS IT HAS ALREADY BEEN ACCOUNTED FOR IN THE ASSETS OF THE BUSINESS ORGANISATION.
This is an example
of kickbacks. This is a type of negotiated inducement in which a
commission is remunerated to the bribe-taker in payment for services accomplished.
In general, the payment for cash, goods, or services handed over is discussed in
advance or ahead of time.
Anthony needs to ensure he is not in conflict of interest and if the xyz company that he is auditing offers him a CFO position, then that definitely would put him in conflict of interest so he would have to quit the audit team if he wished to accept the position, to preserve his integrity.
