Answer:
Lets asume Taley Corp. is in Georgia
shareholders are typically not afforded the same rights as members of the board. Yet, shareholder rights allow for the inspection of business records as long as they follow the rules for inspecting documents under Georgia law
Explanation:
In Georgia, the statute provides shareholders have the right to copy the following records during normal business hours at the corporation’s principal office upon request
In order to access these particular records, shareholders have to make a good faith demand to inspect and the purpose for inspecting must be proper and reasonably relevant to the legitimate interest of the shareholder.
Shareholders also have to provide a description that reasonably indicates the purpose of the inspection and the requested records have to be directly connected to the shareholder’s purpose. Additionally, the records may only be used for the stated purpose.
Answer: Depreciation is tax deductible
Explanation:
Depreciation on assets is recognized by tax authorities as an expense that a business actually incurs so when the income statement is calculated, depreciation needs to be removed as the expense that it is so that taxes can be calculated on the profit.
Depreciation however, does not take actual cash from the company i.e the company does not actually pay anyone cash for depreciation like most other expenses. It needs therefore to be added back to the Free Cash Flow because the FCF deals with how much actual cash the company has which is something that Depreciation being a non-cash expense did not reduce.
Answer:
On self-constructed assets from the date an entity formally adopts a plan to build a discrete project.
Explanation:
Capitalized interest is an accounting practice required under the accrual basis of accounting. Capitalized interest is an interest that is added to the total cost of a long-term asset or loan balance. This makes it so the interest is not recognized in the current period as an interest expense.
Capitalization is the addition of unpaid interest to the principal balance of your loan. The principal balance of a loan increases when payments are postponed during periods of deferment or forbearance and unpaid interest is capitalized.
Answer:
b. $75,000
Explanation:
Since assets are $100,000 and liabilities are $175,000, the owner has a deficit to cover of $75,000 ($175,000-$100,000). The deficit will have to be recovered from the owner's stock in General Motors in order to settle the outstanding liabilities. Therefore, the owner will stand to lose the $75,000.
Answer:
When entering the provider's Social Security number (SSN) or employer identification number (EIN) in CMS-1500 Block 25, a