Here is the correct answer that would best complete the given statement above. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards so companies hire BOOKKEEPER PRIVATE ACCOUNTANTS <span>to provide unbiased opinions about the accuracy of a firm’s financial statements. Hope this is the answer that you are looking for. </span>
Answer:
b. $5,000
Explanation:
<u>September 26th</u>
1,000 x 5 = 5,000 stock rights Investment
It receive 1,000 right at $5 dollars each the total is 5,000
This rights were detachable from the stocks, so they have a diferent account, they are independent from the common shares purchased on March 4th
Answer:
$0
Explanation:
According to the scenario, computation of the given data are as follow:-
Contributed amount = $20,000
Distribution amount = $15,000
As we know,
Taxable amount = Distribution amount - contribution amount
= $15,000 - $20,000
= - $5,000
The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.
She included $0 amount in her gross income this year.
Answer: a. 8,830 products
Explanation:
Store A sells one third as many as Store C so if Store C sells 105,960 products, Store A would be selling:
= 105,960 / 3
= 35,320 products
Store A sells four times as many products are store B. If Store A sells 35,320 products, Store B would sell:
= 35,320 / 4
= 8,830 products
Answer: A company can only record a liability when it knows whom to pay, when to pay, and how much to pay
Explanation:
A liability is simply defined as the amount that a particular company owes. Liabilities consist of loans, accrued expenses, defered revenue, and accounts payable.
We should note that liabilities can involve uncertainty in whom to pay. Also, a company can have an obligation of a known amount to a known creditor, but not know when it must be paid.
Based on the options given in the question, the answer will be "a company can only record a liability when it knows whom to pay, when to pay, and how much to pay".
