Answer:
c. sells off a major portion of its business to another company.
Explanation:
The corporation that should obtain the approval of the shareholder prior when the business major portion is sell off to the another company as it is very crucial decision taken by the company. It cant be taken without the approval of the shareholder as they are the original investors of the company
So as per the given situation, the option c is correct
Answer:
Daun’s first year of operation
Income statement
Sales Revenues $250,000
Less
Cost Of Sales $ 140,000
Less
Expenses $ 2820
Warranty Claims 5000
Net Income 102,180
Daun’s first year of operation
Cash Flows statement
Net Earnings $250,000
Less
Cash Paid for
Inventory Costs $ 140,000
Replacements $ 2820
Net Income 107,180
The future amount in the account (Roth IRA) is equal to: D. $180,488. 86.
<u>Given the following data:</u>
To determine the future amount in the account:
Mathematically, the compound interest for this Roth IRA is given by the formula:
<u>Where:</u>
- t is the number of years.
Substituting the given parameters into the formula, we have;
A = $180,488.86
Read more on compound interest here: brainly.com/question/25263325
Answer:
Additional paid in capital decrease by 100 as a result of the acquisition
Explanation:
Treasury Stock 600 (100 shares x $6)
Additional Paid-In Capital 100 (100 shares x $1)
cash 1,000 (100 shares x $10)
Additional Paid-In Treasury Stock 300
Answer:
A) $14,000.
Explanation:
In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.
Given
Service Revenue = $40,000,
Wages Expense = $25,000
Net Income = $1,000
Total expense = $40,000 - $1,000 = $39,000
The total expense is made of the wage expense and other expenses.
Therefore, other expenses = $39,000 - $25,000
= $14,000
