Answer:
B. Corporation
Explanation:
A Corporation is formed about by at least one person.
A coparation is a separate legal entity.
Owners of a corporation usually have limited liability ; they have no personal liability for the firm's debts.
In a limited partnership, some partners have unlimited liability.
A sole proprietorship is owned by a single person, the business isn't a separate legal entity and the owner has unlimited liabilities.
In a general partnership, partners have unlimited liabilities.
Answer:
1. If the depreciation is not recorded, expenses will be overstated. Net income will therefore be higher by the depreciation amount of $5,400.
2. One June 30, $34,000 was loaned out. Interest is 7%. This interest needs to be apportioned to 6 months in the year as interest revenue:
= [(7% * 34,000) / 12] * 6 months
= $1,190
If this is not recorded, interest revenue will not be recorded which means that Net income will be lower by $1,190.
3. This was for one year yet it was received on October 1. 3 months of the amount will have to be accounted for in the current period.
= (9,600/12) * 3
= $2,400
There must be revenue recognized of $2,400. If it is not recognized, Net income will be lower by $2,400.
In total, Net income will be higher (lower) by:
= 5,400 - 1,190 - 2,400
= $1,810
Higher by $1,810.
Personal qualifications, occupational requirement, responsibilities, financial remuneration (pay) , working conditions.
Days off and vacation flexibility are 2 examples of things that fall under the working conditions category.
The strategic. good use of money