Answer: The correct answer is "Material losses resulting from correction of errors related to prior periods.".
Explanation: It is generally established that the type of loss that is excluded from the determination of net income in the income statement are the material losses resulting from transactions in the company's investments account.
That statement is true
A stated interest rate is the return of investment that is not compounded by the interest accumulation throughout the years.
In general, a stated interest rate will give us a lower amount of return compared to effective annual interest rate that compound the accumulation throughout the years,
Answer:
forced distribution
Explanation:
Forced distribution method is the oldest method used in various industries to evaluate the performance of any class of employees based on some standard norms as set by the company under this method.
It basically distributes each class of employee into category of management, lower, middle or upper.
This is forced because there is no change in such evaluation method, despite even the change in the company's working style is there.
But in the given instance the company has followed this forced distribution.
<u>Full question:</u>
Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have done a considerable amount of research on this product, and think it would be successful in the U.S. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a
Multiple Choice
corporation.
limited partnership.
general partnership.
sole proprietorship.
<u>Answer:</u>
They should organize their firm as a
corporation.
<u>Explanation:</u>
A corporation is a kind of business process that represents the business as a separate, legitimate entity managed by a group of directors identified as the board of directors.
An essential component of a corporation is confined liability, which indicates that shareholders may practice share in the profits by dividends and stock recognition but are not individually responsible for the company's shares. A corporation's purposes can be for-profit or not, as with donations. Still, the huge preponderance of corporations intends to afford a return for its shareholders.
