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3 years ago

Government company meaning

Business

2 answers:

zimovet [89]3 years ago

7 0

Answer:

A government company is a company registered under Indian Companies Act in which not less than 51% of paid up shares captital is held by the central government or any state government partly by one or more state governments. Private participation in captail and mangment is not allowed in this form of organization. It enjoys faniancial autoonmy and has idependent staffing system. Such a company does not have to worroy about auditing, accounting and bugetary contols.

denis23 [38]3 years ago

6 0

Answer:

A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.

Explanation:

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Seasons Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion

Alekssandra [29.7K]

Answer:

Explanation:

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season construction using percentage of completion method.

Amount of revenue & construction expense for the year ended december 31, 2020 will be

25% of $ 18,600,000 revenue = $ 4,650,000

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4 years ago

Swifty Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signe

Doss [256]

Answer:

unrealized loss 38,070 debit

account payable 38,070 credit

Explanation:

as the commitment is for 382,800

but the price lower to 345,730

there is a loss for thecompany as will be doing a purchase for a higher price than market: 38,070

But, as the contract has not been completed the loss is unrealized price can change in the future as well therefore it will not be reocgnize right away and no impact in the income statmeent it will be part of other comprehensive income.

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3 years ago

Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following fina

7nadin3 [17]

Answer:

Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $31,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,100 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)

Explanation:

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3 years ago

For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the fol

Veseljchak [2.6K]

Answer:

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Explanation:

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3 years ago

1. Fundamentals of consumer choice Suppose that a glass of acai berry juice at Beth's gym cafeteria costs as much as a can of so

djyliett [7]

Answer:

The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.

Explanation:

Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.

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4 years ago