Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the state of Florida. In Florida, Sunshine Gifts would best be characterized as A domestic corporation.
<h3><u>What are domestic corporations ?</u></h3>
- A domestic corporation is a business that operates within its own nation.
- A domestic business may have to pay tariffs or other fees on the goods it imports and is frequently subject to different taxation than a non-domestic firm.
- In most cases, a domestic corporation that has filed its articles of incorporation can readily conduct business in other states or regions of the nation.
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Answer:
d) credit to Paid-in Capital from Treasury Stock for $30,000
Explanation:
The entry for profit in sale of treasury stock is as computed below
Account Details Debit Credit
Cash (5000*20) $100,000
To treasury stock (5000*14) $70,000
To Additional paid in capital (5000*6) $30,000
Answer:
a
Explanation:
how to make the best of it and I will be there at last minute but I am not sure if I can make it to the meeting tonight but I will be there at last minute.
The primary source of fuel in South America is petroleum.
<span>Community
</span><span>Sourcing/ Supply Chains
</span><span>Workplace/ Employee Health and Safety
</span><span>Environment/ Sustainability</span>
