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Yakvenalex [24]
3 years ago
6

Which describes the liability of an owner of a sole proprietorship?

Business
2 answers:
MAXImum [283]3 years ago
4 0
The answer is unlimited
Vanyuwa [196]3 years ago
3 0
Unlimited


hope this helps
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Do managers in both small and large companies perform similar types a activities
Amiraneli [1.4K]
The manager of the larger company's manager might have more to do because of the size of the company, but I believe that they would do most of the same tasks. Think of it like this: Would a Dollar General manager do more than a Microsoft manager?
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3 years ago
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Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000
777dan777 [17]

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization  = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization  ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000  

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × \frac{4}{12}    

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

5 0
3 years ago
Question 8
Ghella [55]

Answer:

D

Explanation:

I know the answer

8 0
3 years ago
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Assume Aircastle reported $20 million in goodwill on its acquisition of Broadvision. Assume the fair value of the earnout in agr
hoa [83]

Answer:

Journal Entry

Dr. Contingent Consideration Liability $500,000

Cr. Goodwill $500,000

Explanation:

It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.

Hence,

The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.

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3 years ago
A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and
romanna [79]
Explicit costs are business expenses that are easily identifiable and can be accounted for.

1) Wages and salaries = 100,000
2) Utilities expenses = 15,000
3) Materials and Supplies = 150,000
4) Gasoline expense = 5,000

100,000 + 15,000 + 150,000 + 5,000 = 270,000 answer is C.
5 0
3 years ago
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