Answer:1 True, 2 True, 3 True, 4 True 5 True
Explanation:
The business is seen as a separate legal entity separate from the owner. The reason for this is to know exactly what the capital employed by the owner's and investors have yielded
The liability of each shareholders for debt of the company is limited to the amount of capital in form of shares to the company or the amount each shareholders have agreed to contribute in the event of winding up or liquidation of the company
In a free market economy, government allows individual to own business they allow them to decide what to produce and how to produce it.however government plays a little role in business, but what government do is to provide an enabling environment for them to operate so that they can thrive. But government put in place some laws to control business activities.
The authorise capital is the capital contributed by the promoters of the company at inception of the company. It is a capital stated in their memorandum of association which are registered by the registrar of company.It is recorded not recorded in the journal
The common shares are issued either at par or non par value. When no stated value is on the share certificate it is known as non par valueThe value assigned to a share on the share certificate is the par value. But now, the two value commonly used are the book value and market value the book value is the total value that has been invested in the company common shares and how much will be available should the company liquidate. The market price is the stock market price which usually can be found on the financial page of the daily newspapers.
Answer:
An correct statement was prepared for a comprehensive income which is given below.
Explanation:
Solution
Given that:
Cheyenne Corporation
Correct Statement of Comprehensive/General Income
Income before income taxes $371,000
The less Tax ($371,000 * 35%) $129,850
The Net Income $241,150
Other Comprehensive income
Unrealized profit on present for
sales securities, net of tax $57,655
The comprehensive income
($241,150 +$57,655) $298,805
Note:
The Unrealized profit on present for sales securities, net of tax is given as
=($88,700 * (100% -35%))
=$88,700 * 65%
=$57,655
The arrows show how Chloe's first earnings from her job as a pretzel vendor will directly benefit C and D.
The correct option is B.
<h3>What exactly is a business transaction?</h3>
An executed contract between a seller and a buyer to exchange goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.
<h3>What does an accounting transaction mean?</h3>
Any financial business event that has an impact on a company's financial statements is referred to as a transaction in accounting. Numerous items arrear numerous items that are transactions because transactions include occurrence that has a monetary impact on one's financial records.
<h3>What sort of transaction is that?</h3>
These four types of financial transactions are:
A. sales
B. purchases,
C . receipts,
D. payments.
To know more about financial transactions visit:
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Chloe receives her first paycheck for working as a pretzel vendor. To which of the arrows does this transaction directly contribute?
A. A only
B. C and D
C. C only
D. A and B
<h3>Please mark me as Brainliest .....</h3>
Answer:
(29,800)
Explanation:
The computation of the financial advantage or disadvantage is shown below:
As we know that
Financial disadvantage = Cost of making - Cost of buying
where,
Cost of making is
= [(Direct material per unit + direct labor per unit + variable manufacturing overhead per unit) × units produced] + additional segment margin
= [($4.7 + $9.30 + $9.80 + $5.20) × 22,000 units] + $34,000
= ($29 × 22,000 units ) + $34,000
= $672,000
And, the Cost of buying is
= Units produced × offered price
= 22,000 units × $31.90
= $701,800
So,
Financial disadvantage is
= Cost of making - Cost of buying
= $672,000 - $701,800
= (29,800)
