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Answer:
C) Drawer
Explanation:
A drawer is an individual or institution that issues and signs a bill of exchange instructing a bank or drawee to pay the specified amount to the payee. The drawer is the person who writes and signs a cheque to a third party or payee. In a situation where the cheque is to pay oneself, the drawer is the same as the payee.
Rover and Associates is the drawer. The law firm issues the cheques instructing Portris Bank to pay the office manager the amount stated in the cheque. The office manager is an employee of Rover and Associates. The cheque may be written to Rover and Associates. If that is the case, Rover and Associates is first the drawer and the then the payee. Portis bank is the drawee.
The last one will be the answer
Answer:
$300
Explanation:
Data provided in the question
Assets reported = $500
Liabilities = $200
So, Stockholder equity is
= Total assets - total liabilities
= $500 - $200
= $300
By applying the accounting equation, that equal to
Total assets = Total liabilities + owners equity
We can find out the stockholder equity by deducting the total liabilities from the total assets
Answer:
Yes
Explanation:
You need to inform people of your business and what they do!
