The best definition of a financial restatement is:_______

Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, wh

CaHeK987 [17]

Answer:

The correct answer that a dividend is a better choice is . a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus.

Explanation:

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.

A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

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3 years ago

If the market for corporate control were efficient as a governance device, then only __________ would be targets for takeovers.

CaHeK987 [17]

Answer:

The correct answer is c. poorly performing firms.

Explanation:

Corporate governance is the set of rules, principles and procedures that regulate the structure and operation of the governing bodies of a company. Specifically, it establishes the relationships between the board of directors, the board of directors, the shareholders and the rest of the interested parties, and stipulates the rules governing the decision-making process on the company for the generation of value.

In recent years, and more specifically following the onset of the financial crisis, the international community has understood the importance of listed companies being managed in an adequate and transparent manner. The good governance of companies is the basis for the functioning of markets, as it favors credibility, stability and contributes to boosting growth and wealth generation.

The weakness shown by corporate governments of large organizations in the past has multiplied the demands for transparency, truthfulness, good practices and responsible business behavior on the part of investors, consumers and society in general, which not only pay attention anymore. to financial indicators, but they also want to know how those results have been achieved.

4 0

4 years ago

Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this process were $50,000, and 1

Alex Ar [27]

Answer:

1.

Joint costs allocation using the estimated net realizable value method:

Overs: $5,000; Unders: $45,000

2.

Overs should not further process and the company should sell Overs at split-off. It is because the further process cost per unit is more than the incremental in selling price thanks to further process per unit.

Explanation:

1.

We have:

Net realizable value of Overs = Sales value of Overs - Processing cost after split-off of Overs = 2 x 14,000 - 18,000 = $10,000

Net realizable value of Unders = Sales value of Unders - Processing cost after split-off of Unders = 3.14 x 36,000 - 23,040 = $90,000

=> Total net realizable value of the two goods = $100,000; in which Overs accounts for 10%; Unders accounts for 90%.

=> Joint cost allocated to Overs = 10% x 50,000 = $5,000; Joint cost allocated to Unders = 90% x 50,000 = $45,000.

2.

By further processing, one unit of Overs is created the incremental of revenue of: Sell price after further process - Sell price before further processing = $2 - $1.8 = $0.2

Further processing cost per unit of Overs = 18,000 / 14,000 = $1.29.

As revenue incremental per unit is less than further processing cost per unit (0.2 < 1.29); the company should sell Overs at split-off.

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3 years ago

How do you calculate for equilbrium national income output?thank you ❤

ad-work [718]

<em>Most simply, the formula for the equilibrium level of income is when aggregate supply (AS) is equal to aggregate demand (AD), where AS = AD. Adding a little complexity, the formula becomes Y = C + I + G, where Y is aggregate income, C is consumption, I is investment expenditure, and G is government expenditure.</em>

8 0

3 years ago

A. Sunland Cosmetics acquired 12% of the 287,500 shares of common stock of Elite Fashion at a total cost of $14 per share on Mar

pickupchik [31]

Answer:

Mar 18

Dr Available for sales Securities $4,025,000

Cr Cash $4,025,000

June 30

Dr Cash $9624

Cr Dividend Revenue $9624

Dec-31

Dr Securities Fair value Adjustment $575,000

Cr Unrealised gain or Losss- income$575,000

B. Jan 1

Dr Investment in Culver stock $80,025

Cr Cash $80,025

Jan 15

Dr Cash $9,625

Cr Investment in Culver stock $9,625

Dec, 31

Dr Investment in Culver stock $30,725

Cr Revenue $30,725

Explanation:

Preparation of all the necessary journal entries for 2020 for Culver Inc.

Mar 18

Dr Available for sales Securities $4,025,000

(287,500*$14)

Cr Cash $4,025,000

June 30

Dr Cash $9624

Cr Dividend Revenue $9624

($80,200*12%)

Dec-31

Dr Securities Fair value Adjustment $575,000

Cr Unrealised gain or Losss- income$575,000

[(287,500*($16-$14)]

B. Jan 1

Dr Investment in Culver stock $80,025

(29,100*25%*$11)

Cr Cash $80,025

Jan 15

Dr Cash $9,625

($38,500*25%)

Cr Investment in Culver stock $9,625

Dec, 31

Dr Investment in Culver stock $30,725

($122,900*25%)

Cr Revenue $30,725

3 0

3 years ago

The best definition of a financial restatement is:________.