Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued classified stock.
A legal entity is a form of legal entity that is also a separate legal entity from its owner. All companies are companies, but not all companies are necessarily companies. The standard answer today is that the purpose of a corporation is to benefit its shareholders. Scholars talk about the 'shareholder-first norm' and many talks about the role of corporate leaders as 'shareholders'. Wealth maximization”. Even seemingly selfless entrepreneurial actions B. charitable donations are considered legitimate.
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The choices were <span>A. A profit center. B. A cost center. C. A revenue center.
D. An investment center.
The answer is B. a cost center.
Cost centers give profit to a company indirectly. It can come from human resources, the right people for the job are hired makes efficient work done carefully. Research and development is also a cost center because it can search for productive works and innovations that can help the company address its weaknesses. R&D can lower the budget cost and still maintain the quality of products. </span>
Answer:
c. (1) (3), (5
Explanation:
Based on the information if she is trying to make decision on which one of two job offers she will accept the items that are IRRELEVANT or not important to her decision will be the BASIC SALARY, MOVING ALLOWANCE and INCURRED JOB SEARCH COSTS reason been that what is most relevant to her is how she will choose the best job among the two job offers she has at hand .
The answer is c. Internal events are kind of like a V.I.P. things while external events are more public.
Answer:
At the end of March, Paul’s Painting hired five temporary employees to work on a project that began on April 5 and ended on April 28. Paul’s received 100% of the total payment for the project on May 3. In this situation, both cash basis accounting and GAAP require that Paul’s recognize the employees’ total salary expense in April.
Explanation:
A collection of accounting rules and standards usually followed, for financial reporting is known as GAAP (generally accepted accounting principles) .
For businesses, GAAP needs accrual accounting.
Accrual accounting operates on the basis of matching both revenue and expenses. Revenues and the related expenses occur concurrently, though the cash transaction concerning thereto might happen in some other period.
In the situation given in the question, the revenue from the project is earned in April, subsequently, the salary expense related to that work should also be recognized in the same period due to an accrual basis.
