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3 years ago

Information concerning the stock of a corporation must be outlined in the articles of incorporation.

Business

1 answer:

Kay [80]3 years ago

8 0

Answer:

A. True

Explanation:

The company's incorporation article is a series of official documents submitted to a government agency to legitimize the establishment of a company. The articles of incorporation must contain the relevant information, such as company name, street address, representative of the operation service and the number and type of shares, stocks to be issued. The article of incorporation is sometimes called "charter of the company", "charter of the association" or "constituent document". The charter of the association is the documentation required for a company to be registered with the government and acts as an arrangement to recognize the establishment of a company. The document summarizes the basic information required to set up a company, the institutional rules of the state in which the management of a company and the charter of the association are submitted.

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Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that

mixer [17]

Answer:$120,000

Explanation: multiply $500 and 12 and get 6,000 then multiply 6,000

then multiply 6000 and 20 and get 120,000

6 0

4 years ago

In 2022, internal auditors discovered that Axel Corp., had debited an expense account for the $2,090,000 cost of a machine purch

antoniya [11.8K]

Answer:

Debit Depreciation expense $570,000

Credit Accumulated depreciation $570,000

<em>(To record the accumulated depreciation for 3 years)</em>

Explanation:

Using a Straight-line depreciation method, depreciation expense = (Cost - Salvage value)/Estimated useful life

Depreciation expense = $2,090,000 / 11 years = $190,000 yearly

We would assume that the internal auditors detected the error at the beginning of Year 2022, so the accumulated depreciation for 3 years (Jan 2019 - Dec 2021) would be $190,000 x 3 years = $570,000

The following correctional entries will apply:

Debit Fixed asset - Machine $2,090,000

Credit Expense account $2,090,000

<em>(To appropriately record the purchase of machine)</em>

The required adjustment fot the accumulated depreciation is recorded above under the answer section.

3 0

3 years ago

Retained earnings is a. The positive cash flows of a company. b. The net worth of a company. c. The owners' equity that has accu

umka2103 [35]

Answer:

The correct answer is letter "C": The owners' equity that has accumulated as a result of profitable operations.

Explanation:

Retained Earnings are the part of the company's net profits it does not pay out as dividends to shareholders. The company retains the money and reinvests it in the company, or uses it to pay off a part of its debt. To see how much profits a corporation has kept, look under the Shareholder's equity in the Balance Sheet.

3 0

3 years ago

According to Goldratt: Two activities scheduled to be carried out sequentially and using the same scarce resource benefit from h

zimovet [89]

Answer:

Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.

Explanation:

An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.

The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.

In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.

CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.

According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.

6 0

3 years ago

Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets ar

Archy [21]

Answer:

a. $1,400,000.

Explanation:

Find the attachment

4 0

3 years ago