A business in which the owners have little personal responsibility for the company’s debts and actions is called a

Oksana_A [137]

The answer is D.Shorter

5 0

2 years ago

Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i

Yanka [14]

The answer is D personal

3 0

3 years ago

A private not-for-profit entity receives three large cash donations: One gift of $71,000 is restricted by the donor so that it c

Masteriza [31]

Answer: $294,000

Explanation:

Gift of $71,000 is time restricted as it cannot be spent for 4 years.

Gift of $91,000 is purpose restricted as it must be used for the purpose of salaries.

Gift of $121,000 is permanently restricted as it must be held forever.

Income earned from the above gift of $11,000 is purpose restricted for needy families.

The gifts with donor restrictions total:

= 71,000 + 91,000 + 121,000 + 11,000

= $294,000

3 0

2 years ago

The following are the current? month's balances for ABC Financial? Services, Inc. before preparing the trial balance. Accounts P

ale4655 [162]

Answer:

B. $ 23 comma 000 $23,000

Explanation:

Following equation to calculate the common stock Value

Total Debit = Total Credit

40,500 = $17,500 + Common stock value

Common stock value = $40,500 - $17,500 = $23,000

Accounts with Credit balances

Accounts Payable $7,000

Revenue $6,000

Common Stock ?

Notes Payable $4,500

Total Debit balances $17,500

Accounts with Debit balances

Cash $3,000

Expenses $16,500

Furniture $10,000

Accounts Receivable $11,000

Total Debit balances 40,500

6 0

3 years ago

Thrill Rides is considering adding a new roller coaster to its amusement park. The addition is expected to increase its overall

zepelin [54]

Answer:

C. ticket sales for the new coaster.

Explanation:

In the case when the sales is reduced for the boat rise so the new rise would decrease the sales of the boat ride.

in the case when the food cost would be increase so if the sales of the food rises so automatically the food cost would rise

In the case when there is an extra sales for existing coaster, the same is mentioned in the given case

Therefore the option c is correct

4 0

3 years ago