The journal entries to record this event under each of the following separate situations.
A Journal entry is a record of the commercial enterprise transactions inside the accounting books of a enterprise. A well documented journal entry consists of the ideal date, amounts to be debited and credited, description of the transaction and a unique reference wide variety. A journal entry is the first step within the accounting cycle.
Journal entry
No account and explanation Debit Credit
a Cash 54200
Common Stock (6000*6) 36000
Paid in Capital in excess of par value-Common Stock 18200
b Cash 54200
Common Stock 54200
c Cash 54200
Common Stock (6000*3) 18000
Paid in Capital in excess of stated value-Common Stock 36200
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Answer:
Rent roll ( F )
Explanation:
In most case none of the options mentioned above is included in a property management report prepared for the owner of a property by the property management company unless the property is been managed by a private landlord directly.
A rent roll is sometimes been provided in the property management report because it provides vital information to the property owner should in case he wants to sell off his property. otherwise all reports are mostly handled by the management company.
Answer:
Management’s assessment of the company’s liquidity and the availability of capital to the company
Explanation:
The Sarbanes-Oxley Act of 2002 cracks down on corporate fraud. It created the Public Company Accounting Oversight Board to oversee the accounting industry. It banned company loans to executives and gave job protection to whistleblowers. The Act strengthens the independence and financial literacy of corporate boards.
Depending on the purpose, the action of taking property by a government is fair, in that the government can legally take land privately for public purposes, provided that this taking of property is properly compensated to the owner of the property.
<h3 /><h3>What is the right to property?</h3>
It is the 17th article of the Constitution, which stipulates that every citizen has the right to property, which must not be arbitrarily withdrawn or deprived of it.
The taking of government property is generally carried out for public purposes, being intended for the benefit of society, such as for transformation into schools and hospitals for example.
Therefore, the action of taking a property is fair and constitutional, but the owner of the property must be financially rewarded for it to become legal.
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Answer:
B) Collecting and evaluating only information that supports their opinions
Explanation:
Groupthink is a group phenomenon happening when group members' desire for cohesiveness becomes stronger than the critical approach of each member. Decisions that are affected by groupthink become biased and lack arguments which are essential for constructive discussion and effective decision-making.
In order to avoid this group problem, it is good to encourage team diversity (team members with diverse backgrounds and knowledge) and open discussion, where each team member <u>would be backed up with arguments that supports his/her opinion</u>. This is the best way to boost critical discussion and avoid groupthink, which leads to good team decisions.