Answer:
a.The company is treated as a separate tax entity by law.
c.It is possible to raise large amounts of capital by selling company stock.
Explanation:
I agree with the person above
Answer:
Nothing
Explanation:
The reason is that the contract is not formed between my brother and the car seller because the legal requirement to form a contract is 18. So the car seller lacks right to sue my brother for non complaince with the terms and conditions agreed.
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparation, first, we have to compute the net income which is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $766,600 - $524,400 - $86,300
= $155,900
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below: