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taurus [48]
3 years ago
12

When a business association holds itself out to others as being a corporation when it has made no attempt to , the firm normally

will be from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving dispute.
incorporate
estopped
a single
Business
2 answers:
Effectus [21]3 years ago
7 0

Answer:

When a business association holds itself out to others as being a corporation when it has made no attempt to <u>INCORPORATE</u>, the firm normally will <u>ESTOPPED</u> be from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving <u>A SINGLE </u>dispute.

Explanation:

This paragraph refers to corporations by estoppel, which are businesses that have not completed (or even started) the statutory requirements to incorporate, but act like corporations.  This denomination is used by courts when individuals act like they are part of a corporation or a limited liability company and then if something goes wrong (and it usually does), will argue that they were never a corporation or LLC. The defendants will then be estopped by the court from denying that they were part of a corporation.

Obviously this type of behavior is carried out for something illegal, since there is no reason why someone should trick other people into believing that they are part of a corporation when they are not. Generally this type of acts result in frauds committed by issuing non-existent stocks and who knows how many more bad things.

REY [17]3 years ago
3 0

Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.

Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.

So it becomes.

When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.

The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.

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Answer:

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Explanation:

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3 years ago
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The rhythmic value of beamed notes is determined by
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3 years ago
Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parent’s interest was acquired several years ago on the date th
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Answer:

hello your question has a missing journal entry table attached below is the entry journal table completely filled

Explanation:

Amount of bonds acquired = 40% of original bond

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                           = $520000

purchase price of bonds = $520000 * 96% ( FACE VALUE )

                                         = $499200

hence the annual amortization

(bonds payable - purchase price of bonds ) / 10 years - 2 years

(520000 - 499200 ) / 8  = $20800/8 = $2600

ii) premium on bonds payable

$20800 - $2600 = $18200

cash amount = $520000 * 8% = $41600

intra entity expense and income table is attached below

from the table

iii) intra-entity interest expense = $39000 and the

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v) investment in bonds

purchase price of bonds + annual amortization

= $499200 + $2600 = $501800

the book value on bonds as at 1st January 2011

=$1300000 * 105% = $1365000

Premium on bonds as at January 1st 2011

= $1365000 - $1300000 = $65000

amortization of premium as at January 1st 2011

=( ($65000) / 10 years ) * 2 years

= $13000

hence the controlling interest in bonds payable = $540800

vi) gains on retirement bonds

=  $540800 - $499200 = $41600

attached below is the journal entry on 31st December 2013

5 0
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Answer:

Mark me Brainliest

Explanation:

A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.

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