In the scenario, in which, Tomas behaves in a loving manner toward his grandmother, but when she is not looking he regularly takes her credit cards from her purse and makes unauthorized purchases means that Thomas is engaged in material exploitation of his grandmother. It is a financial abuse, because Thomas steels money from her.
Answer:
The correct answer is option B.
Explanation:
A sole proprietorship is a business structure where there is only one owner of the business. The business and the owner are not a separate entity. The owner does not have to share profits but has unlimited liabilities.
The disadvantage is that debts of the business are owner's debts. But also all the profits goes to the owner. The owner is taxed only once as personal income tax.
Due to the error in the recording of correct amount of inventory the ,at the end of Madison river supply balance sheet , the inventory , current assets, total assets and shareholders equity would be understated by $10,400.
Now due to the error in recording correct amount of inventory , in the balance sheet it will be shown as understated by $10,400 ( $555,400 - $5454,000 ) , now because of this the current assets would become understated by the same amount as inventory comes under the current assets.
Since current assets are understated , the total assets of the company would also be understated and so do shareholders equity as the net income has decreased because of the increase in cost of goods sold.
Answer:
C) This company should go through the qualification process in order to register.
Explanation:
Since this company will only offer its new shares in one state, then it can avoid the registration processes related to the federal level (Uniform Securities Act). The state level registration process is the qualification process. So this is the only process the company must follow and it will avoid the coordination process and the notice filing.
Answer:
In a static storage area each product is assigned a specific area, whereas in dynamic storage, product locations and fluid and as such are subject to change.