Answer:
Merits
• limited liability
• Perpetual existence
Demerits
•Company mismanagement
•Lack of secrecy
Explanation:
Merits
° limited liability. The liabilities of the shareholders are limited to the value of investment they have in the company. This means that should the company becomes insolvent, the shareholders will only loose their investment in the firm and not their personal properties.
°Perpetual existence. This is based on the principle of separate legal entity , which means that the death of any shareholder or director would not in any way affect the existence of the company.
Demerits
° Company Mismanagement . One of the demerits of company is Mismanagement. The directors sometimes mismanage company's fund for their personal and selfish benefits which oftentimes throw the company into debt.
° Lack of secrecy. There is no secrecy in company as annual reports are given to the shareholders hence enable the competitors know it's performance and also provide company statements to registrar of companies.
Answer:
A) True
Explanation:
The GAAP doesn't allow corporations to record any income or loss from investments in its own stock (repurchase and reissuing) since transactions involving the owners of the corporation cannot result in profit or losses. Shareholders are the owners of the corporation and it cannot make a profit or loss by selling to itself.
Reissuing or repurchasing of stock only affects the balance sheet, like all transaction involving stocks.
Answer: Differential cost is $5 per unit
Explanation:
Differential cost is the extra cost that the company would incur if they made the product themselves versus if they bought it from an outside supplier.
Differential cost is therefore:
= Cost to produce internally - Cost from supplier
= 23 - 18
= $5
<em>likely</em>
Answer:
el período contable es de un año y va desde el primer día de enero al último de diciembre, aunque también puede estar comprendido entre otras fechas o ser semestral, trimestral o mensual.
The statement that comes with a check to identify the precise invoice being paid is known as a remittance advice. In addition to the money, it also contains information that a customer delivers to a seller. These details include the invoice amount, text notes, invoice number, and payment methods.
A document or contract may be amended, a signature of authorization may be used, or a public statement of support may be made. It is a letter of communication informing the seller of which unpaid invoices have been paid in full by the buyer and how.
To learn more on remittance advice
brainly.com/question/24280171
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