Answer and Explanation:
The journal entry is shown below:
Delivery expenses Dr $56
Merchandise inventory Dr $179
Miscellaneous expenses $25
To Cash $260
(Being the reimbursement of the account is recorded)
For recording this we debited all expenses and credited the cash as it increased the expenses and decreased the assets
Answer: C. separation of legal ownership and management control
Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.
Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.
"Server less computing" refers to a method of executing cloud computing that makes use of dynamic resource management and the cloud provider as the server.
Each location where big clouds usually spread out their operations is a data center.
Businesses of different sizes, kinds, and industries employ a variety of use cases, including as data backup, disaster recovery, email, virtual desktops, software development and testing, big data analytics, and customer-facing web apps. "Server less computing" refers to cloud computing that makes use of dynamic resource management and the cloud provider as the server.
Learn more about "Server less computing" here,
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Existing business with a proven record. When you ask for investments, the lending institution will most definitely ask for your financial track record. They would want to know if you are a good paymaster because they will need the assurance that you can pay them back. Even if you have a really original idea and want to start a new business, there will still be some reservation if you have no track record because the lenders do not know if you are trustworthy or not. Unlike if you already have a proven record that you are a good paymaster, then you at least have proof that you can pay back.
Answer:
False
Explanation:
Under the at risk rules, the amount a tax payer has at risks at the year end is limited to the amount the taxpayer has at the end of the year.
The amount a taxpayer has at risk is increased by the taxpayer's income and decreased by the share of losses and withdrawal from the activity. For partnership, the at risk increases with an increase in debt and vice versa.
Jack's year-end at-risk amount = At risk amount - (interest *loss) = $42,000 - (10% × $60,000 loss) = $36,000
