$600,00 is the Stakeholder Equity Balance.
Stakeholder Equity Balance = Total Assets - Total Liabilities
= $1,000,000 - $400,000
= $600,000
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What is Stakeholder Equity?</h3>
The balance sheet account for stockholders' equity, sometimes referred to as shareholders equity is made up of share capital plus retained earnings. It also symbolizes the difference between the value of assets and obligations. Assets = Liabilities + Stockholders Equity is the original accounting formula, however, it can also be written as
Stockholders Equity = Assets - Liabilities.
Components of the stakeholder Equity are:
- Share Capital is the term used to describe funds that the reporting company receives from transactions with its owners.
- Retained Earnings are income-derived quantities also known as Accumulated Other Comprehensive Income and Retained Earnings (for IFRS only).
- Dividends and Net Income: Dividend payments lower retained profits while net income increases them.
Therefore, $600,000 is the stakeholder equity balance.
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Answer:
From my knowledge - No
Explanation:
You usually get a free trial first, to test out the product before you ultimately have to start paying through a subscription, you won't be able to receive your money back because you were already paying before you canceled it.
Hopefully this helps with your situation.
Answer: d. revenues to be understated.
If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.
Explanation:
Answer:
The seller must be informed when the offer is presented that the depositis a promissory note
Explanation:
A good faith deposit is one that is done by a buyer in which conditions are stated that could result in the loss of deposit by the buyer.
It is a deposit made by the buyer to show he intends to complete the payment later.
In this instance if there is a Goodwill deposit in form of a promissory note, the broker needs to be aware.
So that when he is bringing in a client he will consider the already existing deposit.
Deals that offer more deposit or full payment will be considered and the original buyer discarded.
When discussing organizational structure, the terms narrow and wide are used to describe the span of control in the organization.
When it is said to be wide, or have a large width, it means that the organizational structure in the organization is with a very large span of control.
But when it is said to be narrow, what it means is that the structure in this organization is with a smaller span of control
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