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Answer
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Answer:
Security and Exchange Commission (SEC).
Explanation:
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
The body that has the power to prescribe the accounting practices and standards to be employed by companies that fall under its jurisdiction is the SEC.
Answer:
$1,280,000
Explanation:
We know that
Debt to equity ratio = Debt ÷ total equity
0.6 = $360,000 + $120,000 ÷ total equity
0.6 = $480,000 ÷ total equity
So, the total equity = $800,000
In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
= $480,000 + $800,000
= $1,280,000
Answer:
$110.00
Explanation:
Nandina Corporation
The amount of amortization expenses for 2018
State fees for incorporation $800
Legal and accounting fees incident to organization 1,500
Temporary directors’ fees 1,000
Total $3,300
Hence:
$3,300/180 months x 6 months
= $110.00
Therefore the amount of its amortization expense for 2018 will be $110.00