I would say that Garza company would have net sales of $138565 because the sales discounts of $2175 and the returns of $3460 would have to be subtracted from the total $144,200 to get the $138,565 actual net income to Garza.
Answer:
a shareholder of a corporation
Explanation:
LLC stands for limited liability company. Members of an LLC have limited liability to the debts of the company. Golden gloves LLC is a legal and separate entity from its owners or shareholders. It is entitled it its assets and well as liabilities. If Golden gloves LLC is being liquidated, and its assets are not sufficient to pay all the creditors, the shareholders' personal properties cannot be used to pay off the debts.
Members of Golden gloves have similar liability responsibilities like shareholders of a corporation. The stakeholders of a corporation's liabilities are limited to the extent of their capital contribution. In other words, they have limited liabilities to the debts of the corporation.
Answer:
$3,000,000
Explanation:
Short term debt: The short term debt is those debts that are due for a less period i.e less than 12 months or one year. It is shown under the current liabilities on the balance sheet side.
In the question, it is given that the $3,000,000 note payable is mature on March 15, 2018, and we record the same on December 31, 2017 balance sheet. If we see the time period between these two dates so it will be less than 12 months. That's why we consider as a total short term debt
Answer:
unrealized gains on available-for-sale securities.
unrealized losses from available-for-sale securities.
foreign currency translation adjustments.
Explanation:
Other Comprehensive income involved the non-realized gains or losses that available for selling the securities, losses or gain related to the foreign currency translation, gain or losses related to the pension planning
Also the owners investment and dividend are to be presented on the statement of the stockholder equity
So, the above statements should be considered
Answer:
A) 24 hours
Explanation:
The Consumer Product Safety Act (CPSA) established the Consumer Product Safety Commission (CPSC) which is the government entity in charge of setting product safety standards, requesting recalls and banning products if necessary.
In this case, if a toy is potentially dangerous then the company must notify the CPSC within one business day and start the recall procedure immediately.