Answer:
Credited
Explanation:
Equity Account <em>increase</em> on the credit side and <em>decrease </em>on the debit side.
So, when the account increased, we say it has been credited. This means further stock has been issued to new or existing owners.
Answer:
True
Explanation:
A financial statement analysis report helps to reduce uncertainty in business decisions through a rigorous and sound evaluation.
Answer:
2,000,001 shares
Explanation:
To solve this question, we need to use the cumulative voting formula:
X = [(S x N) / (D + 1)] + 1
-
X = minimum number of shares that must be owned = ?
-
S = total outstanding shares = 10,000,000
-
N = number of directors we want to elect = 1
-
D = total number of directors to be elected = 4
X = [(10,000,000 x 1) / (4 + 1)] + 1 = (10,000,000 / 5) + 1 = 2,000,001
There are two voting procedures used to elect the members of a board of directors: the straight voting method and the cumulative voting method.
- The straight voting method favors majority stockholders since they receive one vote per stock per open seat which means that someone that has 50% plus 1 stock can actually get all the board members elected.
- Cumulative voting system assigns one vote per stock for the whole election, that means that a board member could be elected with 20% plus 1 vote. This voting system favors minority shareholders since someone with 50% plus 1 vote could only get 2 members elected by himself/herself.
<span>If lisa decides to comparison shop now after many years of holding the mortgage along with its insurance, the new insurance quotes should be based on a coverage amount only on the outstanding mortgage balance as the principal balance will have reduced significantly since the original mortgage inception date.</span>
Answer:
False
Explanation:
I believe that when you inherit money from a deceased relative, its wise to seek literacy.
