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marin [14]
3 years ago
9

From an accounting viewpoint when is a business considered as an entity separate from its owner(s)

Business
1 answer:
aev [14]3 years ago
8 0

Answer:

Always

Explanation:

  • According to Business Entity Principle business and businessmen are a different person.
  • The business entity Doctrine notes that financial transactions must be reported independently from those of their shareholders.
  • To do so includes the use of the association of different accounting records which fully exclude any other individual or owner's total assets.

So we say that business entity is always separated from its owner.

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2. Meatball Corporation, a merchandising company, reported the following results for June. Number of units sold 6,700 Selling pr
lesantik [10]

Answer:

See below

Explanation:

Preparation of traditional income statement

Sales $600 × 6,700. $40,20,000

Less variable cost

7 0
3 years ago
It is important for companies to build cooperative and transparent channel systems for moving goods, supplies, and services. wel
8_murik_8 [283]
<span>Well-known fast food franchises usually set up contractual distribution systems, where individual franchise owners participate in channel cooperation through legal agreements. 

A contractual distribution system is where different people of the organization work together through legal agreements to achieve the same goal. Overall, the company wants each smaller branch to succeed but they legally bound to the franchiser. </span>
4 0
3 years ago
Current Year Prior Year Accounts payable, end of year $ 4,603 $ 8,548 Accounts receivable, net, end of year 18,685 15,726 Invent
solong [7]

<em>Find the given attachments for the complete solution</em>

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8 0
4 years ago
Devonshire Ventures is a large snack-food conglomerate that operates in more than 50 countries and employs more than 80,000 peop
san4es73 [151]

Answer:

D) a transnational strategy

Explanation:

From the description, Devonshire Ventures seems to be seeking a balance between local responsiveness and global integration hence said to use a transnational strategy. Another reason is because their operations and communication are between borders and beyond geographical boundaries so that each division can learn from each other globally.

4 0
4 years ago
this year Anita announced it was moving out of Hartford Connecticut where it had held headquarters for over 100
stiks02 [169]

The most impact this business move would cause are that restaurants close to the office building may close due to lack of customers and people would move out of Connecticut causing a housing market issue with too many homes for sale.

<h3>What are the consequences of moving a business?</h3>

The closing of a business in a city or state is fraught with difficulties. The local community will be most impacted by the company's shutdown or transfer. While the government and the community have benefited from the corporation for more than a century, it is leaving a void in society. The neighborhood will be impacted because individuals will leave Connecticut, which will result in a housing market problem with too many homes for sale. Restaurants might possibly close because the move will result in a major drop in patronage given the already precarious state of the economy.

To learn more about this question visit:

brainly.com/question/14553771

#SPJ4

I believe the question you asked is incomplete and wanted an answer for this question:

"This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state. How would Aetna leaving have an impact on the local community?

a. Restaurants close to the office building may close due to lack of customers.

b. Courses in insurance adjustment would no longer be offered at the community college.

c. People would move out of Connecticut causing a housing market issue with too many homes for sale

d. Employees would no longer exercise at the local park

e. There would be vacant office buildings with no property taxes being paid."

6 0
2 years ago
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