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Sedbober [7]
2 years ago
15

A group of companies bound together to fix prices is called...?

Business
1 answer:
irina1246 [14]2 years ago
7 0
That's a 'cartel'.  It's illegal in the US.  It's also, mean, nasty, and not fair.
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Question Completion:

Cash received from bank loans was $10,000.

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Answer:

Jiminez, Inc.

Income Statement for the month ended March 31:

Revenue                                          $9,000

Expenses                                           5,600

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Jiminez, Inc. paid more dividends to stockholders this month than it actually generated in net income.  The excess amount of dividends must be from retained earnings carried forward from the previous month.  In preparing the income statement for the month of March, Jiminez, Inc. must deduct all the expenses from its revenue to obtain the net income before tax.  The bank loan does not form part of the items for the preparation of the income statement, as only temporary accounts are considered.

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