Answer:
The correct answer is: Wholly-owned subsidiary.
Explanation:
A Wholly-owned subsidiary is a company whose common stock is 100% owned by another company. When a company owns less than 50% of another company it holds a minority interest in that company. With a wholly owned subsidiary, the parent company can control all production, management, and profits but it also shares costs and responsibilities.
True.
For Accounts Payable denominated in a foreign currency, an increase in the direct exchange rate (dollar has weakened) results in an exchange gain.
<h3>What is an exchange gain or loss?</h3>
- A change in the exchange rate between the time an invoice was issued and the time it was paid results in an exchange gain or loss.
- An exchange gain or loss results when an invoice is entered at one rate and paid at another.
- The exchange rate at which the consumer pays for this invoice will ineluctably differ from the rate at which you recorded the invoice in your accounting system, even though you will have appropriately converted your prices.
- The cash you receive will be considerably more than what you initially invoiced as a result.
- This difference is known as an exchange gain or loss depending on which way the exchange rate has gone, i.e. whether the currencies involved have appreciated or depreciated in value (a gain or loss).
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Answer:
Today's organizations can be divided into three groups, which are-Profit, Nonprofit, and Governmental organizations.
Explanation:
For-profit businesses, non-profit organizations, and governments can all play unique and valuable roles in society. However there are certain challenges that are best addressed by cooperative ventures involving all three sectors.
Answer:
Dr Land account 10,000
Cr Common Stock account 2,000
Cr Capital Paid in Excess of Par Value account 8,000
Whenever a company sells stock it must record the transaction under common stock account at par value (= 200 shares x $10 = $2,000). Any extra money received must be recorded as capital paid in excess of par value (= $10,000 - $2,000). The basis for the land that Jose Garcia contributes must be its fair market value ($10,000).
As miles consider approaching a venture capital firm to provide funding for his new mobile app, he should realize that a venture capital firm will probably want an ownership interest in the business.
The capital of a corporation is the money it has daily to pay for its operations and every day fund its destiny growth. The 4 essential sorts of capital consist of going for walks capital, debt, equity, and buying and selling capital. shopping for and promoting capital is utilized by brokerages and different financial establishments.
In the company, capital method the coins an agency desires every day feature and make bigger. normal examples of capital consist of cash at hand and bills receivable, close to cash, fairness, and capital belongings. Capital assets are massive, lengthy-term assets no longer intended normally be bought as part of your ordinary organization.
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