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Alenkinab [10]
3 years ago
14

How taxation and legislation impact positively and negatively on a company?

Business
1 answer:
wel3 years ago
6 0
Positive : Taxation could be used to exclude some expenses that could be putted in the income statement

Negative : Taxation will cut out some part of the company's annual revenue

hope this helps
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What is the maximum fine that the Real Estate Commission can impose for a violation of commission rules?
-Dominant- [34]

Answer:

varies depending on the state

Explanation:

For example, the Florida Real Estate Commission's (FREC) fines range from $250 to $5,000.

For first offenders, administrative fines range from $250 to $1,000, and the license can be suspended or revoked.

For repeat offenders, administrative fines range from $1,000 to $5,000, and the license can be suspended or revoked.

4 0
3 years ago
In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
anygoal [31]

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
3 years ago
at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, an
Katarina [22]

Explanation:

you would have 5000

i hope i help you

7 0
2 years ago
2. Which two of the following are most likely to be advantages of taking on a
Mariana [72]

Answer:

A).The franchisor provides a tried and tested product to sell

C ). The franchisee receives ongoing help and support from the franchisor

Explanation:

A franchise is an arrangement where an established and successful business person( franchisor) licenses a third party( franchisee) to set up an independent branch similar to the franchisor business. The franchisor permits the franchisee to use their brand name, colors, processes, and procedures and sell their products. Therefore, the franchisee's branch will be similar in all aspects to the other franchisor's branches.

The franchisor provides technical, operational,  and managerial support to the franchisee. The franchisee pays an initial fee and a percentage of monthly sales to the franchisor to open a franchise business.

3 0
2 years ago
Deborah Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 an
mart [117]

Answer:

The amount of the adjusting entry for bad debts at December 31 is C. $91,000

Explanation:

Adjustment entry is made on changes on the amount of provision for doubtful debts.

Increase in amount of  provision for doubtful debts increases the expenses in income statement.

Decreases in amount of  provision for doubtful debts decreases the expenses in income statement.

Allowance for Doubtful Accounts Balance  $35,000 (cr)

Allowance during th year                             $126,000

Increase in Allowance                                   $ 91,000

$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement

5 0
3 years ago
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