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Kitty [74]
4 years ago
12

Whoever answers gets brainlist!

Business
1 answer:
Anika [276]4 years ago
7 0

Answer:

false

Explanation:

S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.  

The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are

1. Should not have more than  100 shareholders

2. Shareholders should be individual or some exempt entities.

3. Have one class of stock

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Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
elisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Divi
Irina18 [472]

Answer:

the break even point in sales dollars is $223,667

Explanation:

The computation of the break even point in sales dollars is shown below:

= Fixed cost ÷ contribution margin ratio

= $80,520 ÷ ($138,960 ÷ $386,000)

= $80,520 ÷ 36%

= $223,667

Hence, the break even point in sales dollars is $223,667

5 0
3 years ago
Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,
shtirl [24]

Answer:

Estimated change in cash = $220,000

Explanation:

GIven:

Net income = $200,000

Sales = $540,000

Expenses = $180,000

Depreciation expenses = $60,000

Accounts receivable balance increased = $40,000

Find:

Estimated change in cash

Computation:

Estimated change in cash = Net income + Depreciation expense - Accounts receivable balance increased

Estimated change in cash = 200,000 + 60,000 - 40,000

Estimated change in cash = $220,000

7 0
3 years ago
What can we interfere from the text text in pic
Anon25 [30]
Stop cheating jeez what a loser
7 0
3 years ago
Police officers often use ________ To get information from their witnesses
DaniilM [7]
The answer to your question is A
6 0
3 years ago
Read 2 more answers
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