Answer: a common stock.
Explanation:
Following the information given in the question, the additional $10,000 of owners' equity will be regarded as a common stock.
Commission stock is regarded as a corporate equity ownership and each share of stock simply means the holder has a small portion of ownership of that particular company. Every addition in owner's equity is common stock.
Drafting a legal contract using legal language is what constitutes unauthorized practice of law by a person that is not a licensed attorney.
<h3>Who is a licensed attorney?</h3>
This is the description that is given to a person that is licensed to act or practice the act of law in the United States. In order to do this, one must have gone through law school.
Hence the drafting of a legal practice by a person that is not a licensed attorney can be seen to be an unauthorized practice in the United States.
Without a proper law license, it is a crime to act as a legal representative in the nation. The penalty for this may lead to issues that may cause jail term for the person. Such a person is going to face both criminal and civil law.
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The responsibility for evaluating new technologies, new ideas, and new capabilities and identifying those that are most relevant to the organization is typically assigned to the <u>Chief technology officer (CTO)</u>
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The chief technology officer (CTO) is the highest technical leadership position within a company, leading the technical or engineering department. Create policies and procedures and use technology to improve our external customer-focused products and services.
The Chief Technology Officer (CTO) is the executive responsible for overseeing the entire IT department and integrating business needs and requirements into IT planning and operations. It's important to distinguish their role from that of the Chief Information Officer (CIO). The Chief Information Officer (CIO) role focuses on technology that internally guides an organization through the management of its infrastructure. The Chief Technology Officer has a job description focused on developing technologies for customer sales and the external growth of the company. The CTO and her CIO often combine their technical and engineering knowledge to work together for the benefit of the entire organization.
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Answer:
Answer for the question:
Quinlan-Cohen, Inc., publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end (December 31): Did not accrue $1,600 owed to the company by another company renting part of the building as a storage facility. Did not record $14,600 depreciation on the equipment costing $114,000. Failed to adjust the Unearned Fee Revenue account to reflect that $1,200 was earned by the end of the year. Recorded a full year of accrued interest expense on a $14,400, 11 percent note payable that has been outstanding only since November 1. Failed to adjust Prepaid Insurance to reflect that $690 of insurance coverage had been used. 2. Using the following headings, indicate the effect of each error and the amount of the effect (that is, the difference between the entry that was or was not made and the entry that should have been made). Use O if the effect overstates the item, U if the effect understates the item. (Reminder: Assets = Liabilities + Stockholders’ Equity; Revenues − Expenses = Net Income; and Net Income accounts are closed to Retained Earnings, a part of Stockholders’ Equity.) (Select "NE" for no effect.)
is given in the attachment.
Explanation: