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3 years ago

Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?

Business

1 answer:

-Dominant- [34]3 years ago

3 0

Answer: Limited Liability

Explanation: Business owners' liability for debts is restricted to the amount they put into the business.

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Fred is on trial for robbing Sam's Electronics. The prosecution alleges that Fred broke into the warehouse behind the store and

harkovskaia [24]

Answer:

a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'

Explanation:

In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.

In the trial she said she can remember what was stolen.

Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.

On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.

But in this case she said she cannot recall the items

5 0

3 years ago

brussels enterprises issues bonds at par dated january 1, 2021, that have a $2,700,000 par value, mature in four years, and pay

Nadusha1986 [10]

The journal entry for the issuance of bonds for cash on January 1 is: Debit Cash $2,700,000, Credit Bonds payable $2,700,000.

<h3>Journal entry</h3>

1. January 1

Debit Cash $2,700,000

Credit Bonds payable $2,700,000

(To record issuance of bonds for cash)

2. June 30

Debit bond Interest expense $81,000

Credit Cash $81,000

($2,700,000×6%/2)

(To record first semiannual interest payment)

December 31

Debit bond Interest expense $81,000

Credit Cash $81,000

($2,700,000×6%/2)

(To record second semiannual interest payment)

3. December 31, 2021

Debit Bonds payable $2,700,000

Credit Cash $2,700,000

(To record payment of bonds payable)

Therefore the journal entry for the issuance of bonds for cash on January 1 is: Debit Cash $2,700,000, Credit Bonds payable $2,700,000.

Learn more about journal entries here:brainly.com/question/14279491

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6 0

1 year ago

What is a trade off?

bezimeni [28]

a balance achieved between two desirable but incompatible features; a compromise.

"a trade-off between objectivity and relevance"

6 0

3 years ago

if you expect the inflation rate to be 15 percent next year and a one-year bond has a yield to maturity of 7 percent, then the r

uranmaximum [27]

If the inflation rate is 15 percent. The real interest rate on this bond is:22%.

<h3>Real interest rate </h3>

Using this formula

Real interest rat=Expected inflation rate+ One year yield to maturity

Let plug in the formula

Real interest rate=15%+7%

Real interest rate=22%

Therefore the inflation rate is 15 percent. The real interest rate on this bond is:22%.

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2 years ago

The balance in the prepaid insurance account before adjustment at the end of the year is $27,000. Journalize the adjusting entry

Radda [10]

Answer:

(A) Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

Explanation:

Prepaid insurance account before adjustment = $27,000

(A) the amount of insurance expired during the year is $20,250

To account for the expired amount,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) the amount of unexpired insurance applicable to future periods is $6,750

Amount expired = $27,000 - $6,750

= $20,250

To account for the expired amount such that the amount of unexpired insurance applicable to future periods is $6,750,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

4 0

4 years ago

Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?​

Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?