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3 years ago

What is the most important requirement to perform a legal search

Business

2 answers:

mr_godi [17]3 years ago

5 0

A warrant
(Hope that helped)

Aleonysh [2.5K]3 years ago

4 0

the answer is a) probable cause

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A company received $11,000 cash in exchange for 200 shares of the company’s common stock. What would the effect of this transact

MAVERICK [17]

Answer:

B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity

Explanation:

As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:

Total Assets = Total liabilities + Total stockholder equity

The journal entry is shown below for better understanding:

Cash A/c Dr XXXXX

To Common stock XXXXX

To Additional Paid-in capital - in excess of par XXXXX

(Being cash is received)

So, it would not impact the total liabilities

7 0

3 years ago

Many critics have argued that a sales or consumption tax should be eliminated because of its regressive nature. what is the basi

ivolga24 [154]

The basis for this argument is that consumption tax takes a larger percentage of income from low income earners than from high income earners. This is because consumption tax is uniformly applied to all people irrespective of their situation.

5 0

3 years ago

Read 2 more answers

On November 1, Bahama National Bank lends $3.8 million and accepts a six-month, 6% note receivable. Interest is due at maturity.

babymother [125]

Answer and Explanation:

The journal entries are shown below:

a. Note receivable Dr $3,800,000

To Cash $3,800,000

(Being the acceptance of the note is recorded)

For recording this we debited the note receivable as it increased the assets and credited the cash as it decreased the liabilities

b. Interest receivable Dr $38,000

To Interest revenue $38,000

(Being the interest revenue is recorded)

For recording this we debited the interest receivable as it increased the assets and credited the interest revenue as it increased the revenue

The computation is shown below:

= $3,800,000 × 6% × 2 months ÷ 12 months

= $38,000

7 0

3 years ago

Bell expects to produce 1 comma 800 units in January and 2 comma 155 units in February. The company budgets 3 pounds per unit of

Debora [2.8K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Production:

January= 1,800 units

February= 2,155 units

The company budgets 3 pounds per unit of direct materials at a cost of $ 10 per pound.

Beginning inventory= 4,950 pounds.

Desired ending inventory= 20% of the next month's direct materials needed for production.

Desired ending balance for February is 4,860 pounds.

To calculate purchases, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

January (in pounds):

Production= 1,800*3= 5,400

Desired ending inventory= (2,155*3)*0.2= 1,293

Beginning inventory= (4,950)

Total= 1,743

Total cost= 1,743*10= $17,430

February (in pounds):

Production= 2,155*3= 6,465

Desired ending inventory= 4,860

Beginning inventory= (1,293)

Total= 10,032

Total cost= 10,032*10= $100,320

3 0

3 years ago

What will happen to trade if business is flourishing?

PolarNik [594]

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand

8 0

3 years ago