"the law requires that you make a" _______ effort to avoid making illegal sales of alcohol

1 answer:

6 0

As your job as a server of store owner, the law requires you to make reasonable efforts to avoid selling alcohol to underage customers and establish measures to avoid guests from getting highly intoxicated. Examples are serving properly measured drinks, checking identification cards, and serving food or complimentary drinks such as soda or water.

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Profit is the difference between revenue and expenses? * True /False

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Answer:

true

Explanation:

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3 years ago

Which of the following would increase the likelihood that a company would increase its debt ratio, other things held constant?

raketka [301]

Answer: b. An increase in the corporate tax rate

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4 years ago

When an accounting change is reported under the retrospective approach, prior years' financial statements are: Select one: a. Le

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Answer:

b. Revised to reflect the use of the new principle.

Explanation:

As most of the changes in the account principles need to be disclosed that justifies the changes in the first set of the financial statements. That the change is made and all changes using this retrospective approach needs a prior adjustment and all chances are accounted retrospectively. Thus is revised to make use of the new principle.

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3 years ago

Blue Ice Inc. is an American corporation. The company started out as a _____ between Nick Selver and Rita Andrew in 1985. In 200

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The company started out as a PARTNERSHIP between Nick Selver and Rita.
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I'm currently taking the quiz myself and stumbled upon your question in the process. Hope I helped!

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4 years ago

Read 2 more answers

The statement of retained earnings or the statement of stockholders' equity reconciles the net income, dividends paid, and the c

sdas [7]

Answer:

Option B is the correct answer.

Dividends Paid = $55 million. Thus, option C is the correct answer.

Explanation:

The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.

The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.

Closing balance of retained earnings = Opening balance of retained earnings + Net Income for the period - Dividends Paid

700 = 595 + 160 - Dividends Paid

700 + Dividends Paid = 755

Dividends Paid = 755 - 700

Dividends Paid = $55 million

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3 years ago