Answer:
Limited liability for shareholders
Explanation:
Limited liability implies that owners or shareholders are legally responsible for the company's debts only to the extent of the amount of capital the shareholders invested.
Answer:
You have not provided any options. However, since this is more of a practical question, the suitable answers are,
- Mutual Funds
- Certificate of Deposits
- High yield bearing Bonds
Explanation:
Mutual funds are a wonderful option to track the share market without exposing yourself to too much market risk. A mutual fund holds a diversified portfolio of stocks that distributes risk among various companies from different industries.
That way, even if the market is poorly performing, as a whole, the fund will be stable. Moreover, in the long term, since you have 50 years until you are 70, compounding your dividends will make you a lot of money to retire.
Besides, mutual funds have a high liquidity, making it easier for you to withdraw your money.
Certificate of Deposits are virtually risk free and provides a descent income through the high interest rates.
The main benefit here is the compounding effect of the interest. Since 50 years is a long time frame, even if you start small, you can eventually end up with a hefty sum to help your retirement. Because the compounding effect will be highly effective in the long term.
Answer:
D Temporary differences reverse themselves in subsequent accounting periods, whereas permanent differences do not reverse.
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $780,800 - $519,000 - $88,800
= $173,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Answer:
The question is missing the below options:
A) bank secrecy laws and the avoidance of paying taxes in other countries.
B) low wages, bank secrecy laws, and the avoidance of paying taxes in other countries.
C) the wide use of English and the large number of working students in the Cayman Islands.
D) the avoidance of paying taxes in other countries and the hiding of prostitution and capital crimes.
E) corporate greed and the hiding of unethical and illegal behaviors, including prostitution.
The correct option is A,bank secrecy laws and avoidance of paying taxes in other countries.
Explanation:
One key reason that makes outsourced offshore banking industry attractive is that money laundering and illicit trade deals prohibited by the bank secrecy laws are made possible by outsourcing offshore banking industry.
Anyone who wants to enjoy relaxed banking regulations as well as conceal the proceeds of ill-gotten wealth are naturally the advocates of such banking approach.
Popular offshore banking centers include the Cayman Islands,Mauritius,Dublin and so on
