Answer:
D) Multiple owners
Explanation:
if it's a partnership there's more than one owner and if it's a corporation, controlled by shareholder"S" then i don't know, they'd both have multiple owners in common??
Answer:
Loss $180,000
Explanation:
Accounts Receivable $6,000,000
Factor fees 3%*6,000,000 $180,000
Loss of $180,000 will be recorded for transfer of receivable without recourse to the factor.
Answer:
c. $ 2000
Explanation:
It is important to note that Kim can only claim losses for business related losses not personal losses.
business losses = $ 1000(business auto) + $ 1000(stock investment)
= $ 2000
Therefore, Kim can only claim $ 2000.
Answer: $10,000 increase in Treasury Stock
Explanation:
Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.
This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.
One benefit of using this would be that it save a lot of time, But When using pre-printer check stock, you won't be able to see the check number in both printin and print manager.
If the number is crucial/important for your operation, <span> a log of check numbers would still be needed.</span>
