Answer:
b. is reported as part of paid-in capital on the balance sheet.
Explanation:
the paid-in capital in excess of par value will the differnece between the stock face price and the actual amount received when the stock was issued by the company.
This is reported in the balance sheet as part of the equity. More precisely inside paid-in capital
Answer:
a. a majority of both shareholders and directors must approve.
Explanation:
Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy
- The Board of directors first have to propose a resolution regarding disposition which has to be approved
- Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
- Such approval must be obtained by majority of the votes cast in it's favor.
In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.
Answer:
0.07925 or 7.925%
Explanation:
Given that,
Revenues = $88,000
Expenses = $54,000
Assets at the beginning of the year = $404,000
End of the year assets = $454,000
Net income:
= Revenues - Expenses
= $88,000 - $54,000
= $34,000
Average total assets:
= (Assets at the beginning + End of the year assets) ÷ 2
= ($404,000 + $454,000) ÷ 2
= $429,000
Return on assets:
= Net income ÷ Average total assets
= $34,000 ÷ $429,000
= 0.07925 or 7.925%
GDP(gross domestic product). it gives the monetary measure of the market value of all final products produced in the economy within a certain time frame
Answer:
$10,721
Explanation:
Particulars Amount
Flexible budget ($57,440+($3,006*88)+($17*259)] $326,371
Actual results <u>$315,650</u>
Spending variance <u>$10,721 </u>
Thus, the spending variance for plane operating costs in November would be $10,721.