Answer:
The correct answer is letter "B": A partner in a partnership is taxed on his or her share of partnership income.
Explanation:
Partnerships are organizations where two or more individuals operate a business. The partners are fully liable for the transactions of the company which implies their personal assets can be considered as collateral if the company falls into debt. When it comes to taxes, the partners must file them according to the <em>percentage contribution to the partnership</em>.
Answer:
Scarlet Knight Corporation
Correct postings:
Accounts Debit Credit
1. Cash 12,500
Common Stock 12,500
2. Cash 3,500
Service Revenue 3,500
3. Supplies 250
Cash 250
4. Rent Expense 550
Cash 550
5. Equipment 1,950
Cash 1,950
Explanation:
a) Data and Calculations:
Accounts Debit Credit
1. Common Stock 12,500
Cash 12,500
2. Cash 3,500
Service Revenue 3,000
3. Supplies 250
Cash 250
4. Rent Expense 550
Cash 550
5. Cash 1,950
Equipment 1,950
b) The accounting rule is to debit the value receiver and to credit the value giver. Generally, assets, expenses, and losses normally have debit balances while liabilities, equities, incomes, and gains have credit balances.
Answer:
babysitting, walking dogs, mowing lawns, shoveling snow,
Explanation:
Public debt securities have been registered by the business is the circumstances would a privately held company be obligated to make sec filings.
<h3>What is public debt securities?</h3>
The owners of financial instruments referred to as debt securities are entitled to recurrent interest payments. In contrast to equity securities, debt securities demand repayment of the principal borrowed.
The interest rate on a debt security will be influenced by the borrower's perceived creditworthiness. Although there are many different types of debt securities, corporate and governmental bonds are among the most common.
Thus, Public debt securities have been registered by the business.
For more details about Public debt securities, click here:
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Answer:
he would do so becaus the canadiens wer smugling syrup and it was making trhe price go yeet, so ppl who didnt sell at thaat price had to lower or go ot of business!1
Explanation:
