Answer:
A. Yes, because the corporation would be required to pay tax on its profits, and the shareholders would also be required to pay taxes on dividends
Explanation:
1a : the set of articles or physical resources serving to equip a person or thing: such as. (1) : the implements used in an operation or activity : apparatus sports equipment. (2) : all the fixed assets other than land and buildings of a business enterprise. (3) : the rolling stock of a railway.
Answer:
Straight salary compensation plan
Explanation:
- The correct answer is Straight salary compensation plan because here Bush company of Refrigeration has placed Daniel on a straight salary compensation plan
- As the Straight Pay Compensation Scheme is a form of payment that a company hires at a certain point in time that does not affect employee performance.
Answer:
The amount of net income is $45,000
Explanation:
The computation of the net income is shown below:
= Total assets - Liabilities - stockholder equity
= $200,000 - $75,000 - $80,000
= $45,0000
By using the accounting equation, the total assets equal to the total liabilities and stockholder equity
In mathematically,
Total assets = Total liabilities + stockholder equity
But in the given question, the amounts are not equal to each other, so the difference should be termed as net income
The Horizontal line would represent the price of the tricycles, whereas the vertical axis would represent the number of tricycles sold.
