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azamat
3 years ago
9

What is a partner by estoppel?

Business
1 answer:
Vika [28.1K]3 years ago
3 0
Legally binding partnership that may arise where, in fact, no formal partnership agreement is in effect. A person who by conduct or words represents, or allows him/herself to be represented, as a partner in a firm is liable for the credit or loans obtained by firm on the basis of such representation. Also called presumption of partnership.
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Sheila loses her credit card and calls her credit card company to report the card stolen. Sheila's sister, Carmen, also loses he
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D) sheila is not liable for unauthorized charges made on her card after she reports it stolen.

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3 years ago
Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to
melamori03 [73]

Answer:

The correct answer is A

Explanation:

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6 0
4 years ago
Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) ea
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Answer:

Explanation:

           Assets = Liabilities + Stockholder's equity

             Cash=                                        Common  stock+Retained earnings

1. Cash

revenues 34600  NA  NA  34600

2. Paid

expenses(15200)  NA  NA  (15200)

3. Paid

dividend (3500)  NA  NA  (3500)

Ending balance 15900 = 0 + 0 + 15900

Income statement  

Revenue $34600

Expense (15200)

Net income $19400

Statement of changes in stockholders’ equity

Common stock  $0

Retained earnings:  

Net income $19400  

Less: dividends (3500)

Total stockholder's equity  $15900

Balance sheet  

Assets:  

Cash $15900

Liabilities $0

Stockholder's equity:  

Common stock 0

Retained earnings 15900

Total stockholder's equity $15900

Total liabilities and stockholder's equity $15900

7 0
4 years ago
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