Cassandra be sure to include on her agenda that the time zone would not be necessary if she were hosting the meeting in person.
A meeting is a gathering of two or more people to discuss one or more issues and is often held in formal or business settings, but meetings can also be held in a variety of other settings. increase. A meeting can be used as a form of group decision-making.
Conference types are: Formal meetings, annual general meetings (AGM), statutory meetings, board meetings and informal meetings. A conference or multiple "conferences" can be defined as: “A gathering of people.
Congregation means a meeting or gathering of people convened to carry out a business.
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Answer:
c. under both the capital stock and additional paid-in capital sections
Explanation:
In the given question, the corporation issued 40,000 shares for $50 par value and for cash $60 per share
So, it affects the two accounts, one is preferred stock and the second is additional paid-in capital.
The preference stock should be increased by $2,000,000 (40,000 shares × $50)
Whereas the difference of $400,000 (40,000 shares × $10) would be transferred to additional paid in the capital account
And, the preferred stock has come under a capital stock account that's why we considered both the things
Answer:
Multiple-step income statement for the year ending December 31, year 1
Sales $275,200
Cost of Goods Sold <u>($185,000)</u>
Gross Profit $90,200
Operating Expenses:
Administrative Expense ($35,000)
Selling expenses <u>($55,000)</u>
General Expense <u>($45,000)</u>
Operating Income ($44,800)
Non-Operating Revenue <u>$105,000</u>
Operating Income before tax $60,200
Income taxes <u>($25,000)</u>
Operating Income after Tax <u>$35,200</u>
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.
Explanation: Crisis Stage; at this stage decline is still reversible if the
organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.
Answer: $42,000
Explanation:
Using a straight line Depreciation method means that the Equipment will be depreciated uniformly throughout it's life. i.e by the same amount.
Depreciation = (Cost - Residual Value) / Useful Life
= (483,000 - 63,000) / 10
= 420,000/10
= $42,000
The annual Depreciation amount for Year 1 - 3 is $42,000 and will be the same as long as the Equipment is in service.