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eduard
3 years ago
10

"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne

w range. The payments are to be made monthly over a two-year period. The bank"
Business
1 answer:
Aneli [31]3 years ago
8 0

Answer:

Need not make any special disclosure

Explanation:

The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.

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As it applies to corporations, employee-owner separation means that many employees
Kruka [31]

As it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work.

For better understanding, lets explain ownership and control in firms

  • Separation of Ownership and Control in firm is done by Shareholders. They hire managers to manage the firm on their behalf. Employee only work for shareholders. Employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement

From the above, we can therefore say that the answer that as it applies to corporations, employee-owner separation means that many employees can be separated from organization as a result of resignation, removal, death, permanent incapacity, discharge or retirement and they as employee are not stockholders of the company for which they work is true

Learn more about separation from

brainly.com/question/23883384

4 0
2 years ago
How do u mark brainlist pls? hurry
tatyana61 [14]

Answer:

after two or more people answer there will be a crown next to the report button

Explanation:

6 0
3 years ago
In order for the hitch ball to be secured properly, what should be the last part assembled?
Morgarella [4.7K]

In order for the hitch ball to be secured properly, the last part which is assembled is nut.

<span>One should keep in mind that hitch ball and coupler for towing the boat must be of the same size. The standard size of hitch ball nowadays is about 2 inch. There is a proper method in order to install the hitch ball properly so that it will be secured.</span>

4 0
3 years ago
Which two advantages do renters have that home buyers don’t have?
Ulleksa [173]

The two advantages are:

- Renters are not affected by changing property price

- Renters don’t have to pay for major repairs to the property

The housing department  require the home owner to pay for major repairs that happen in the rented place (Such as broken roof or leaking gas). Not only that, the owner of the home is the one that would be financially damaged if the housing markets experience a crash.

6 0
3 years ago
Read 2 more answers
Because services are inseparable, they cannot be tried before they are purchased. To counteract this, a service firm might:
Marina CMI [18]

Answer:

A, Offer a guarantee for the customer's complete satisfaction.

Explanation:

SInce services are inseperable beacuse there cannot be trials unlike in some goods, the only way to keep a customer's mind at rest over the service he or she is getting to give a guarantee as to the quality of the service such that the customer is satisfied and can purchase the service.

For example, giving a customer a time frame for the durability of a service and also a consideration for re-service before the set or supposed time is a way of giving customer guarantee about a service he or she is purchasing

.

Cheers.

3 0
2 years ago
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