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3 years ago

Corporations have limited liability, but lose ultimate control of corporate assets to the ______________ ..

Business

1 answer:

Vinil7 [7]3 years ago

5 0

Answer:

Stockholders

Explanation:

Stockholders are the owners of a company. As owners , stockholders have voting rights in the company. Shareholder elects directors who represent them on the board of directors. Each share is equivalent to one vote. The board members recruit top management of the company. The board provides policy guidelines, makes critical decisions, and supervises senior management.

By electing board members, shareholders influence the management of the business. Should the stockholders be unhappy with the way the company is being managed, they can vote out the current director and elect new ones. The new directors then appoint fresh managers. In this way, shareholders maintain control of the assets of the company and its assets.

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Im a hot girl what is the best code if you want it starts with a P

stepan [7]

Answer:

porsche

Explanation:

i don't know that was the first thing that came to my head when I thought of p

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1 year ago

Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for th

kompoz [17]

What are you suppose to here ?

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3 years ago

Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account. Sales a

Yuliya22 [10]

Answer:

Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).

Explanation:

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3 years ago

A bank has stock shares of $100,000, property assets of $90,000, and cash of $10,000. If households and businesses decide to dep

Llana [10]

The answer is stock shares = $100,000, property assets = $90,000, cash = $60,000, and loans & advences = $50,000

Given,

stock shares = $100,000,

property assets = $90,000,

and cash = $10,000.

households and businesses decide to deposit $50,000 in the bank as checkable deposits.

The balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time.

It also details the balance of income and expenditure over the preceding period.

Therefore when households and businesses decide to deposit $50,000 in the bank as checkable deposits, it will be shown in balance sheet as:

Cash = Previous balance + checkable deposits

= 10,000 + 50,000

= $60,000

Loans & advances : checkable deposits = $50,000

Hence, the balance sheet will be stock shares = $100,000, property assets = $90,000, cash = $60,000, and loans & advences = $50,000.

Learn more about balance sheet:

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1 year ago

Fey Corporation uses the equity method of accounting for its investment in a 30%-owned investee that earned $56,000 and paid $18

tatiyna

Answer:

The answer is : C. Investment overstated; retained earnings overstated

Explanation:

Under the equity method of accounting, Fey Corporation should record the correct entry as below:

Dr Equity Investment 16,800

Cr Equity Income 16,800

Dr Cash 5,400

Cr Equity Investment 5,400

As a result, Investment account has been overstated by $5,400 while Dividend Revenue account has been overstated by $5,400. The overstating in Dividend Revenue will subsequently result to the overstating in Retained Earnings account through closing entry.

So, C. Investment overstated; retained earnings overstated is the correct answer.

6 0

2 years ago