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4 years ago

A profit-and-loss statement is a financial document that shows a company's income and expenses. T/F

2 answers:

7 0

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The statement "<span>A profit-and-loss statement is a financial document that shows a company's income and expenses." is true</span>

noname [10]4 years ago

5 0

Answer:

True, according to Oddysseyware

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Which of the following statements is CORRECT? Group of answer choices Unlimited liability and limited life are two key advantage

Pepsi [2]

Answer:

The correct statement is; Limited liability is an advantage of the corporate form of organization to its owners (stockholders), but corporations have more trouble raising money in financial markets because of the complexity of this form of organization.

Explanation:

A limited company can either be private or public. A limited company posses these 2 key features namely;

1. Limited liability- the liability of shareholders is limited to the amount of their investment in the company.

2. Seperate legal existence- a limited company can in it's name sue, be sued and enter into contracts.

Limited liability means that the investors can only lose the money they have invested and no more, meaning lenders have to keep this in mind when issuing loans to limited companies.

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3 years ago

Geothermal corp. just announced good news: its earnings have increased by 20%. most investors had anticipated an increase of 25%

Nataly_w [17]

The answer would be the stock price will decrease. The reason behind this is the original price replicates an expectation or looking forward of a 25% upsurge in the company’s earnings. The actual increase is a dissatisfaction compared to original expectations.

3 0

3 years ago

The debt ceiling is the total amount of money that the U.S. government is authorized to ______ to meet existing commitments.

swat32

Answer:

Borrow if you look up the definition you have your answer

Explanation:

6 0

3 years ago

Which of the following transactions or events would have no immediate effect on the times interest earned ratio but will cause d

Gemiola [76]

Answer:

b. issuing new equity

Explanation:

debt to equity ratio = Total debt/ Total equity x 100

and

interest earned ratio = Operating Income ÷ Interest charge

<u>Ways to decrease debt to equity ratio :</u>

1. Increase equity (no effect on interest earned ratio)

2. Decrease debt (increases interest earned ratio)

thus,

issuing new equity have no immediate effect on the times interest earned ratio but will cause debt to equity ratio to decrease.

7 0

3 years ago

On December 31, 2020, Lemmon Company issued 20,000 shares of its common stock with a fair value of $50 per share for all of the

Phantasy [73]

Answer:

$1,002,000

Explanation:

The costs incurred on the share for share exchange include the fair value per share ,issue costs,direct cost as well as contingent consideration(consideration based on the acquired business performance.

However,the costs eligible to be recorded as investment upon acquisition are the fair value per share and the contingent obligation as shown below:

Fair value (entire shares) $50*20,000=$1,000,000

fair value of potential obligation =$2000

total value of investment $1,002,000

The issue costs and direct should be expensed immediately.

5 0

3 years ago