It would be false, Shareholders in a corporation are legally considered partial owners of the corporation.
<span>When estimating using money for a purchase, you should </span>estimate up to the nearest dollar or half dollar .
Answer:
$326,948 ,
Explanation:
The computation of the proceeds leahy received from the investors is shown below:
Present value of the bonds = Stated semi-annual interest x PVIFA 4%, 10 years + Maturity amount x PVIF 4%, 10 years
= ($300,000 × 6% ÷ 2) × 8.98258 + $300,000 x 0.820348
= $326,948
Refer to the PVIFA table and PVIF table
Moreover in the semi annual, the rate of interest is half and the time period is doubles
Answer: The following are the similarities between job order and process costing:
Explanation:
Job order costing and process costing have significant similarities:
- Both job and process cost frameworks have a similar objective: to decide the expense of items.
- Both job and process cost frameworks have a similar cost streams. Bookkeepers record production in separate records for materials stock, work, and overhead. At that point, they move the expenses to a Work in Process Inventory account.
- Both job and process cost frameworks used predetermined overhead rates to apply overhead.
