Answer:
B. Going-concern assumption.
Explanation:
The financial statements are normally prepared on the assumption that an entity is a going concern and will continue in operation for a foreseeable future. Hence, It is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations. If such an intention or need exists, the financial statements have to be prepared on different a basis and , if so , the basis used is disclosed.
Answer:
$120,000
Explanation:
Given:
Shares owned by Fritz = 
of number of the shares of the other three shareholders i.e 
of all the shares
Shares owned by Luis = 
of number of the shares of the other three shareholders i.e 
of all the shares
Shares owned by Alfred = 
of number of the shares of the other three shareholders i.e 
of all the shares
Therefore,
Shares owned by them together = 
= 
of all shares,
This means that Werner owns = 1 − of all shares,
=
of all shares
i.e
= × $3,600,000
= $120,000
Answer:
made officers of publicly traded firms personally responsible for the firm's financial statements
Explanation:
- The Sarbanes-Oxley Act, due to corporate fraud, was created to restore investor confidence in financial markets and to fill loopholes in publicly traded companies.
- The law created strong audit committees for companies that traded publicly and made officials (companies) personally responsible for the accuracy of financial statements.a
Answer:
900 shares
Explanation:
Given that
Dividend per share = 1.25
Number of shares owned = 720 shares
So, the earning made due to dividend would be
= Number of shares owned × Dividend per share
= 720 shares × 1.25 per share
= 900 shares
We simply multiplied the number of shares with the dividend per share so that the correct value could come
