Attractive organizations are often clearly have a topic the research on and are very organized
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
It is $9,000 (B)
Explanation:
Total paid dividends paid = $60,000
Return on Investment = $60,000 *15%
=$9,000.
Gaw Company investment in Trace Corporation will be treated as Investment Assets. In its book ,it can only recognize its share of dividend paid as return on investment.
Gaw Company cannot recognize its share of entire net income of Trace because it doesn't have controlling interest (i.e subsidiary) in the company neither does it have significant influence (i.e associate).
Answer: Sole Proprietership
Explanation:
A Sole proprietership offers the best chance of decision making because decisions are made by one person, the owner.
Whereas:
A Corporation is a company and a company's decisions are made by mainly the chief executive Officer together many other board members hence there is no chance for quick decision making in a company since a lot of people have to approve of the decision.
A general and limited partnership consists of 2 or more owners hence a lot of people are involved in making the decision.
Answer: False
Explanation:
False.
Long term debt is a debt owed by an economic entity which could either be the inividual, a business or the government and such debts are expected to mature in a period of at least one year.
It should be noted that the long term debt isn't reported in fund level financial statement but rather it's reported in government wide statements.
