Answer:
A) is used to determine minimum legal capital balances at issuance
Explanation:
The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock. The Par Value of common stock is derived by Par value per share * No. of Issued Shares.
Answer:
$3,168
Explanation:
We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.
This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:
Present value = Future Value / (1 + r)^n
Here
Future Value is $4000
r is 6%
n is 4 years
So by putting values, we have:
Present value = $4000 / (1 + 6%)^4 Years
Present value = $3,168
Answer:
Option "C" is the correct answer to the following statement.
Joker, Klue, and Lion Corporations
Explanation:
A group of controlled business is described as a community of two or more companies, businesses or firms.
Joker Corporation purchases 80%, 45% and 45% of Klue, Lion and Mark Corporation respectively.
Klue Corporation purchases 40% and 10% of Lion and Mark Corporation.
In this situation, Joker corporation is created a Parent-subsidiary relationship with other firms. where Klue corporation creates brother-subsidiary relation with Lion and Mark corporation.
Answer:
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Explanation:
Answer:
The revenue principle requires the revenue to be recorded by the company on January 3, 2020.
Explanation:
Revenue recognition principle states that income is recorded when it is earned irrespective of when the cash is received.
Earning of Income neither means receiving of order as on December 15, 2019 nor commitment of completing the order as on December 28, 2019.
The customer pays for the services on January 6, 2020. This date will not be considered as the date of income earning.
Date of Income earning is when the services are rendered that is on January 3, 2020.
