Answer:
Admiral's Feast Tuesday—Red Lobster's take on a classic fish fry. Enjoy Walt's Favorite Shrimp, bay scallops, clam strips and wild-caught flounder—all fried until perfectly crisp and golden
Explanation:
Answer:
He will claim the standard deduction
Explanation:
Answer:
b. Debit cash and d. Credit note payable
Explanation:
On borrowing from the bank, the entries to be posted by Pluto Inc. will be;
Debit Bank/Cash account $3000
Credit Credit note payable $3000
The credit represents the liability which is the obligation to payback the loan at a future date.
The right options are; b. Debit cash and d. Credit note payable.
Answer:
The cash used by investing activity is $136,000.00 as shown in the workings below.
Explanation:
The cash provided by or used by investing activities can be computed thus:
Plant sold $66,000
Investments ($55,000)
Plant assets (<u>$147,000)</u>
Cash used by investing activities ($136,000)
The cash used by investing activities is $136,000 as shown above.
The outflow of $78000 for the purchase of treasury stock relates to financing.
The inflow of $523000 for new share issue is also a financing activity.
The financing activities are transactions relating to the providers of finance, that is the shareholders and debt-holders
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Answer:
Following are the responses to the given question:
Explanation:
- In point a, it is false because the ownership of a stock owned by shareholders is directly adaptable by sale.
- In point b, it is false because the corporate bosses have no responsibility. A corporate company is an organization
- In point c, it is true because This company is going on a broad-based business. Its necessary capital is enormous but is obtained from three sources.
- In point d, it is true because the company money is calculated twice in normal conditions, except for where tax-deductible is declared for both the dividends in shareholders' hands.
- In point e, it is true because Its company's legality is distinct from those of its owners. That both companies, as well as the owner, are separate legal entities. Firms have a common seal as well as their titles.
- In point f, it is false because UNLIMITED was its life of corporates and the foundation of the 'Moving Concern' idea.
- In point g, it is true because the actual owner isn't a business agent. They're only the owner that gives money.