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Rasek [7]
3 years ago
15

1. Ownership of the 1,000 shares outstanding are evenly divided among 80 shareholders. The shareholders are 78 individuals, 10 o

f whom are married to each other, and two estates. Permitted 2. A domestic corporation elects S status on April 15. Retroactively effective 3. Articles of incorporation authorize 800 shares of voting common stock, 200 shares of nonvoting preferred, and no other shares. Not permitted 4. A domestic corporation elects S status on March 3. When is the earliest effective date
Business
1 answer:
alexira [117]3 years ago
8 0

Answer: hello the options to your question is  missing attached below are the missing options

  • permitted
  • subsequently effective
  • permitted
  • Retroactively effective

Explanation:

1)  <em>permitted</em> ; because the ownership is divided into less than 100 shareholders at the time .

2) <em>subsequently  effective</em> ; Because April 15 is after  2.5 months of the beginning of the Financial year

3) <em>Permitted</em> : Because S status can issue voting and Non-voting stock

4)<em> Retroactively effective</em> : The earliest effective date is within 2.5 months of the Financial year

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Real Exchange Rate computed as German goods per U.S. goods: 2

Explanation:

Cost in the US: 0.50 dollar

Cost in Germany: 1 euro

Real Exchange Rate: German Goods / U.S. Goods

Real Exchange Rate: 1 / 0.50 = 2

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On November 1, Wright Co. borrowed $20,000 cash from Third Bank by signing a 90-day, 6% interest-bearing note.
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On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.

Explanation:

  • On November 1, Wright Co. borrowed $20,000 cash from the Third Bank by signing a 90-day, and 6% of interest-bearing note.
  • On December 31, it was recorded an adjusting entry to interest expense of $200.
  • On January 30, which is the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
  • Interest expense is an expense which is known as a non-operating expense which is shown on the income statement. It also represents interest payable amount when it is borrowed. For Example,
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4 0
4 years ago
What type of competition exists in the aviation sector? And why?
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Answer:

Oligopoly market structure

Explanation:

The airline industry is characterized by an oligopoly market structure, a form of imperfect competition in which a limited number of firms dominate the industry. Oligopoly firms have market power in setting or altering prices for their products by establishing various output values.

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The concept of venue reflects the policy that: _____________
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D. A lawsuit should be tried in the geographic neighborhood in which the incident leading to the lawsuit occurred.

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The united States concept of venue has it that a court hearing has to be done or decided in a court that is in the geographical area of where the crime was committed or where the dispute took place. Also it has that those who are to serve as members of the jury mist be from the same geographical area where it occured

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