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Nina [5.8K]
3 years ago
7

As part of his overall stock portfolio, jason bought a few shares of facebook. in this context, he would best be described as __

____ of facebook.
Business
1 answer:
larisa86 [58]3 years ago
5 0
<span>As part of his overall stock portfolio, Jason bought a few shares of Facebook. in this context, he would best be described as shareholder of facebook.</span>
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Inventory 12/31/17 $59,030 Cost of Goods Sold $224,679 Common Stock 76,110 Selling Expenses 16,230 Retained Earnings 45,580 Admi
Pavlova-9 [17]

Answer:

Prepare closing entries for Wildhorse Co. on December 31, 2017

Explanation:

Sales revenue         417.650  

Sales discount                  15.020

Cost of goods                224.679

Selling expense                    16.320

Administrative expense   38.719

Income tax expense          30.480

sales return and allowance 11.914  

retained earnings                  104.346

5 0
3 years ago
An annual reporting period consisting of any twelve consecutive months is known as:___.
Kaylis [27]

An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.

The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.

Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.

Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.

Learn more about fiscal year here

brainly.com/question/14504946

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4 0
2 years ago
To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT
Mashcka [7]

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT : <u>​Jointly owned by less than 100 persons.</u>

<h3>What Is a Real Estate Investment Trust (REIT)?</h3>

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate.

Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments—without having to buy, manage, or finance any properties themselves.

To qualify as a REIT, a company must comply with certain provisions in the Internal Revenue Code (IRC). These requirements include to primarily own income-generating real estate for the long term and distribute income to shareholders.

Specifically, a company must meet the following requirements to qualify as a REIT:

  • Invest at least 75% of total assets in real estate, cash, or U.S. Treasuries
  • Derive at least 75% of gross income from rents, interest on mortgages that finance real property, or real estate sales
  • Pay a minimum of 90% of taxable income in the form of shareholder dividends each year
  • Be an entity that's taxable as a corporation
  • Be managed by a board of directors or trustees
  • Have at least 100 shareholders after its first year of existence
  • Have no more than 50% of its shares held by five or fewer individuals

Therefore, we can conclude that the correct option is D.

Your question is incomplete, but most probably your full question was:

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT

a.​structured as a corporation, trust, or association.

b.​have transferable shares or certificates of interest.

c.​managed by a board of directors or trustees.

d.​jointly owned by less than 100 persons.

Learn more about REIT on:

brainly.com/question/20366600

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3 0
1 year ago
Mrs. Matthews has received an invoice from the manufacturer for which she distributes products. The invoice states credit terms
Sergeeva-Olga [200]

Answer:

E) She may take a 3 percent discount if she pays the invoice within ten days.

Explanation:

Net30: net/30 is a type of trade credit where the buyer must pay within 30 days of the purchase. Traders usually offer discounts so that buyer pays the amount earlier than the time of payment.

Example: Notation 3/10 on the invoice means the customer will be given 3% discount if he/she pays within 10 days.    

4 0
3 years ago
Define sociology? Types sociology?
kenny6666 [7]

Explanation:

Sociology is the study of social change, social life, and the social causes and effects of human behavior.

The two major types of sociology that were joined are qualitative and quantitative. Quantitative has to do with how much/ numbers while qualitative has to do with first hand research like interviews etc.

8 0
2 years ago
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