<span>1. Which of the following is not characteristic of a corporation?
d. Corporations are required to file federal income tax returns.
2. Characteristics of a corporation include
d. Shareholders who have limited liability
3. One of the main disadvantages of the corporate form is the
b. Double taxation of dividends
4. Under the corporate form of business organization
a. Ownership rights are easily transferred.
5. Those most responsible for the major policy decisions of a corporation are the
b. Board of directors.
6. Stockholders' equity
d. Is shown on the income statement
7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
b. Investor expectations of the corporation's earning power
8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?
b. Stock Dividends
9. The excess of issue price over par of common stock is termed a(n)
d. Premium
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Answer:
The adjusted bank and book balance is shown below:-
Explanation:
The computation of the adjusted bank and book balance is given below:-
Bank statement balance Book balance
Opening balance $26,960 $26,620
Add: Transit Deposit $3,000 Earned Interest $150
Less: Outstanding check 4000 Error on check $810
($4,900 - $4,090)
Adjusted Balance $25,960 $25,960
Answer: $66,810,000
Explanation: take the balance at the beginning of the year add it to the net income from statement of comprehensive incomes then minus the cash dividends declared from the total of the beginning balance and net income then get the retained balance at the end of the 20Y3 year of 66 810 000.
The stock dividends of 2,600,000 have two accounts involved which is stock( inventory) and dividends declared which is an liability.
Sumter Pumps Corporation
retained income statement for the year ending 31 december 20Y3
balance 01/jan/20Y3 $59,650,000
CHANGES IN EQUITY
Net Income 8,160,000
dividends paid and declared
Cash dividend 1,000,000
stock dividend 0
balance 31 dec 20Y3 $66,810,000
Answer:
D) bureaucratic control
Explanation:
It seems that in this scenario, Ruben is using bureaucratic control. This term refers to the use of various different rules, policies, authority, documentation, reward systems, and even other formal methods in order to convince and control employee behavior and performance. Which is what Ruben does with his teams of employees by rewarding them if they perform well and taking away their earned leaves if they perform badly.
Answer:
d. SBQQ__RegularPrice__c = SBQQ__ListPrice__C * 1.1
a. SBQQ__CustomerPrice__c = SBQQ__RegularPrice__c * (1 - SBQQ__ Discount_c)
c. SBQQ__PartnerPrice__c = CustomerPrice__c * (1 - SBQQ__ PartnerDiscount_c)
b. SBQQ__NetPrice__c = SBQQ__PartnerPrice__c * (1 - SBQQ__ DistributorDiscount_c)
Explanation:
For 10% premium to be applied on a block price product, an action in a correct order should be taken. The order is as follows;
d. SBQQ__RegularPrice__c = SBQQ__ListPrice__C * 1.1
a. SBQQ__CustomerPrice__c = SBQQ__RegularPrice__c * (1 - SBQQ__ Discount_c)
c. SBQQ__PartnerPrice__c = CustomerPrice__c * (1 - SBQQ__ PartnerDiscount_c)
b. SBQQ__NetPrice__c = SBQQ__PartnerPrice__c * (1 - SBQQ__ DistributorDiscount_c)
