Answer:
Please see the answers below:
Explanation:
(O+) a. Increase in accounts payable
(F-) b. Payment of dividends
(O-) c. Decrease in accrued liabilities
(F+) d. Issuance of common stock
(O-) e. Gain on sale of building
(O+) f. Loss on sale of land
(O+) g. Depreciation expense
(O-) h. Increase in inventory
(O+) i. Decrease in accounts receivable
(I-) j. Purchase of equipment
The correct answer is; False, as of 2020.
Further Explanation:
In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.
For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.
Learn more about medical deductibles at brainly.com/question/1845375
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Answer:
C. Ignoring shareholders' rights
Explanation:
Corporate governance refers to the way corporate companies are controlled and directed. The board of directors provides corporate governance in a company. Good corporate governance establishes a framework that protects shareholders' rights in the company.
Some of the shareholders' rights include
1. Right to vote
2. Right to transfer ownership
3. Right to dividends
4. Right to inspect corporate documents
The board of directors must ensure fair treatment of all shareholders, including the minority. The board has to put in place mechanisms that address shareholders' concerns and offers redress when their rights are violated.
