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Ludmilka [50]
3 years ago
11

Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corpo

ration’s stock Commissions paid by the corporation to underwriters for stock issue Printing costs to issue the corporation’s stock Expenses of temporary directors meetings
Business
1 answer:
satela [25.4K]3 years ago
5 0

Answer:

The answers are:

  • Professional fees to issue the corporation’s stock
  • Commissions paid by the corporation to underwriters for stock issue
  • Printing costs to issue the corporation’s stock

Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.

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A description of how the business will generate revenue is always included in a:
GarryVolchara [31]

Answer: business plan

Explanation:

Stock dividend, is a method used to distribute wealth to its shareholders by a company.

A stock certificate is a legal document which implies that the owner has some number of stocks or shares in a corporation.

Business loan agreement is simply an understanding that takes place between a business and a lender which contains the promises made by both parties regarding giving the money by the lender and the repayment plan by the borrower.

A business plan is a document that simply describes a business and, its products or services, its financing, leadership and staffing, its operations model, etc.

6 0
3 years ago
Myers Company acquired a 60% interest in Gannon Corporation on December 31, 2020 for $1,775,000. During 2021, Gannon had net inc
miskamm [114]

Answer:

The answer is $2,225,000

Explanation:

Cost of acquisition is $1,775,000

Meyer company's share of net income in Gannon corporation:

60% of $1,000,000

0.6 x $1,000,000

= $600,000

Meyer company's share from cash dividend in Gannon corporation

60% of $250,000

0.6 x $250,000

= $150,000

The balance in the equity investment account at December 31, 2021 should be:

$1,775,000 + $600,000 – $150,000

= $2,225,000

6 0
3 years ago
A trader buys a call option with a strike price of $30 for $3. Does the trader ever exercise the option and lose money on the tr
stepladder [879]

Answer:

The trader exercises the option and loses money on the trade if the stock price is between $30 and $33 at option maturity.  

Explanation:

A call option is the right to buy an asset at an agreed price on the maturity date. This agreed price is known as the strike price.

In the given scenario, the strike price is $30. The trader pays an additional $3 for the right to exercise the option, thus paying a total of $33 for the option.

Now, if the asset price on maturity date is greater than $30, the trader shall exercise the option and buy the asset. This is because the market price of the asset is greater than the price the trader pays for it, resulting in a favorable situation for the trader.

However, the trader paid a total of $33 for the stock. Hence, the trader shall lose money on the trade as long as the asset price is below $33.

Therefore,  if the asset price upon maturity is between $30 and $33, the trader shall exercise the option but lose money on the trade.

3 0
3 years ago
list some financial information you'd like to learn about and why is it important for building your financial future?​
Katyanochek1 [597]

Answer:

Firstly, I would like to decide I want to be self-employed or go for a job. Then I will find the plus point of each of the above. I will find in deep the benefits, and then decide which to choose. However, my interest will be the first thing to think of while selecting one out of the two. Then I will find what type of loans can I get, or how to find the investors if I opt for self-employment and hence business, And then I will decide which type of business to start like as a sole proprietor or public-private or various others. Then I will find the tax-related details. Also what tax benefits I will be getting if I opt for a job or self-employment. Thus, I now end up with all important financial details, however, I will also study a nit of accounts if I opt for self-employment.

All the above are important for building a financial future as without this information we cannot complete our financial activities, Like if we do not have the tax information, we will not be able to fill our taxes properly no matter we are self-employed or doing a job. Also for self-employment and our own business, we need investment, and for that, we need to find out the investors, Also we need to find out the loans that are available to us as then only we will be able to arrange money when required. And we need to know what is right for us, self-employment or a job.

Explanation:

Please check the answer.

7 0
3 years ago
A study of elementary school children, ages 6 to 11 , finds a high positive correlation between shoe size x and score y on a tes
Artemon [7]

Answer: The observed correlation is most likely due to the effect of a lurking variable, such as age.

Explanation: A lurking variable is a variable that is not included as an explanatory or response variable in the analysis but can affect the interpretation of relationships between variables. A lurking variable can falsely identify a strong relationship between variables or it can hide the true relationship.

6 0
3 years ago
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