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puteri [66]
3 years ago
15

During the current year, sally sold her interest in two small business coeporations?

Business
1 answer:
exis [7]3 years ago
3 0

Answer:The answer is shares

Explanation:

A share is a unit of capital of a company which a company issued out to the members of the public for subscription. It is usually issued out to the members of the public in denominations for example $1, the capital of a limited company is divided into the following shares which are

Ordinary shares : This is also known as common shares, it is a share which carry the main risk of the business. The holders of ordinary shares are not guaranteed a dividend at the end of the year because this depends on whether or not the company's make profit. If the company makes profit holders of ordinary shares will receive dividend .however, the holders of ordinary shares have a voting right at the annual general meeting of the company.

Preference shares : The owners of these shares receive fixed rate of interest per annum for example 10% or more.holders of these shares receive preference in the payment of dividend, and also in the repayment of capital if the company is forced to wind up. Therefore, preference shareholders are safer than the owners of ordinary shares.

Cumulative preference shares : The owners of this shares can have their losses in income in bad years made up in good years. This means they can accumulate their dividends, if the company does not have enough money to pay preference shareholders in a particular years,they will therefore get their money in later years.

Participating preference shares : The holders of participating preference shares receive a fixed dividend and also received an additional dividend if the company makes a profit above a certain level.

Deferred shares : These are special types of shares which carry particular rights and privileges. They are sometimes issued to the promoters and founders of a company. Holders of deferred shares do not receive any dividend untill all other types of shareholders have been paid.

However, a person can sold his or her interest in a business corporation which means such a person has sold his or her own shares in the business. This can be done through a stockbrokers, the stockbrokers look for buyers for members of the public who wants to sell shares and sellers for those who wants to buy shares. They are paid a commission known as brokerage for their services.

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Prepare the adjusting journal entries that Del GAto Clinic must record as a result of preparing the bank reconciliation
Goshia [24]

Answer:Please refer to the explanations section

Explanation:

Bank Reconciliation is a process where we reconcile Business's cash books Balances and Bank account Balance.

Journal Entries

a. Dr Outstanding Checks $1829

   Cr           Bank (Bank Account Balance)                      $1829

Del Gato Clinic issued checks amounting to $1829 and The Bank has not processed these checks. This means Del Gato's Bank balance doesnot include the effect of these checks. The Bank account balance must be reduced by $1829

b. Dr Bank Charges expense $16

     Cr           Bank (cashbook balance)                         $16

Del Gato Clinic incurred an expense of $16 in Bank charges. Cashbook balance must reduced by $16.

c. Dr Bank (Bank account balance)   $476

   Cr        utility Bill Payment check  $476

   

   Dr Bank (Cashbook balance)   $476

   Cr        utility Bill Payment check   $476

   

check number 919 was cancelled but Del Gato Clinic mistakenly recorded it in the cashbooks and the bank processed the check. We need to adjust both Cash books and Bank account by processing a reversal journal entry debit Bank and credit Utility Bill payment

d. Dr Bank (Bank account balance) $2856

   Cr            Cash receipts        $2856

Del Gato Clinic placed cash receipts after banking hours, The Bank account balance must be increase by $2856 to reflect the effect of the receipts received

   

6 0
2 years ago
On january 14, sheridan company purchased supplies of $420 on account. the entry to record the purchase will include:______.
devlian [24]

Entry to record the purchase will include <u>a debit to supplies and a credit to accounts payable</u>.

Accounts payable (AP) are amounts because of companies or providers for goods or services acquired that have not been paid for. The sum of all tremendous amounts owed to providers is shown as the money owed payable stability at the enterprise's stability sheet.

A debit will increase asset or fee debts and decreases legal responsibility, sales, or fairness debts. A credit is continually located at the proper aspect of access. It increases legal responsibility, revenue, or equity money owed and reduces asset or cost money owed.

Purchasing is the buying of goods or offerings. An item that has been bought is known as a purchase. the opposite of a purchase is a sale. In not unusual usage, the shorter word "purchase" is usually used whilst buying, instead of the phrase "buy".

Learn more about assets here brainly.com/question/25746199

#SPJ4

5 0
1 year ago
Roland and Quan are both on the staff of a car dealership. Roland is always asking colleagues to cover his shifts, but he never
WITCHER [35]

Answer:

Quan is a giver and Roland is a taker

Explanation:

A giver is someone who considers the needs of others before his needs. They support others without expecting anything in return. They are at the receiving end of interaction. In a workplace, they are not concerned about their success but give preference to uplifting and helping co-workers. Quan displays traits of a giver.

Takers, on the other hand, put their needs ahead of others. They try to gain maximum with minimum efforts. Roland displays traits of a taker.

7 0
3 years ago
when preparing a trial balance, there are certain steps that need to be followed. place the following steps in the correct order
hjlf

Answer:i don’t know why this is right, but i’m here to help and have to have a 20 word count minimum to submit

Explanation:

3 0
8 months ago
Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following informati
KATRIN_1 [288]

Answer:

1. Utilization rate = Operating time/Scheduled time

Utilization rate = 5,696/6,400

Utilization rate = 0.89

2. Efficiency rate = (Total output / Ideal run rate) / Operating time

Efficiency rate = (18,100/2) / 5,696

Efficiency rate = 9,050 / 5,696

Efficiency rate = 1.5888343

Efficiency rate = 1.59

3. Quality rate = Good units produced / Total units produced

Quality rate = 12,670 / 18,100

Quality rate = 0.70

4. Overall Equipment Effectiveness = Utilization rate * Efficiency rate *  Quality rate

Overall Equipment Effectiveness = 0.89 * 1.59 * 0.70

Overall Equipment Effectiveness = 0.99057

Overall Equipment Effectiveness = 0.991

6 0
2 years ago
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