Answer:
d. Is reflected in income from continuing operations.
Explanation:
Taxes are defined as the amount that is levied by a government on its citizens, the funds are used to fund government expenditure.
When a business's tax rate increases the extra cost that results will be recognised as an expense in the income from operations.
On the other hand when tax rate is reduced it will result in increased income for the business.
Tax is one of the factors businesses consider when setting up operations. Locations with low tax rates are more favoured as they result in higher income.
Answer:
The balloon payment for this loan would be $581,213.92. This can be calculated by taking the original loan amount of $1,000,000, multiplied by the interest rate of 9%, then multiplied by the difference in the amortization period (20 years) and the loan term (7 years). This equals $540,000. Finally, add the original loan amount to the interest amount, resulting in $1,540,000. This is the total amount due at the end of the loan term, or the balloon payment.
Explanation:
Even after the commencement of business operations, officers and directors have a responsibility to comply with corporate formalities.
<h3>What are the duties of corporate directors and officers?</h3>
In general, the officers are in charge of carrying out the board's policies and making day-to-day choices, while the board of directors is in charge of important business and policy decisions.
- announcing and disbursing corporation dividends.
- approving significant corporate choices.
- hiring, promoting, managing, and firing managerial and corporate leaders.
- choosing between issuing bonds or stock.
A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.
Officers and directors are still required to follow corporate formalities even after the start of business operations.
To learn more about the duties of corporate directors and officers refer to:
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It is a organization of markets
The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.
The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>