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3 years ago

Distinguish between private and public company???

Business

2 answers:

Elena L [17]3 years ago

6 0

Explanation:

Distinguish between Private and Public

Company???

public company is a company that is listed in the well-known stock exchange and can be traded freely. Where a private limited company is not listed on a stock exchange and it is held privately by the member of the company

hope it helps unnie mark me as brainliest please please

have a bangtastic day ahead

Saranghae

Mashutka [201]3 years ago

5 0

Answer:

-Private company has mininmum 1 and maximum 101 member.

Public company has minimum 7 member and maximum is bounded by its share capital.

-Private company is smaller than the public companies by the no.of capital.

Public company is larger than private company and spread in different place.

-Private company uses the term Private limited after its name.

Public company uses the term Limited after its name.

-Examples of Private company are: Asmita Book Publication Pvt.ltd and Karunanidhi Education Foundation Pvt.ltd

Examples of Public company are:Nepal oil corporation and Nepal electricity Authority.

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Answer:

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3 years ago

A new client in the medical–surgical unit complains of difficulty sleeping and is scheduled for an exploratory laparotomy in the

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3 years ago

Who would be more likely to join the cross-country team (individual sport) instead of the volleyball team (team sport) and want

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4 years ago

Read 2 more answers

The Manda Panda Company uses the allowance method to account for bad debts. At the beginning of 2018, the allowance account had

muminat

Answer:

1. Does this situation describe a loss contingency?

Yes, the situation reflect the necessity of report a loss contingency because the it's needed to cover the 3% of Allowance for Uncollectible Accounts

2. What is the bad debt expense that Manda Panda should report in its 2018 income statement? $11.325

3. Prepare the appropriate journal entry to record the contingency.

Please see explanation section.

4. Complete the table below to calculate the net realizable value Manda Panda should report in its 2018 balance sheet?

Explanation:

The entry to reflect the bad expenses of the contingency:

Bad debt expense $ 11.325

Allowance for Uncollectible Accounts $ 11.325

Net Realizable Value is:

Accounts Receivable $ 507.500

Allowance for Uncollectible Accounts $ 15.225

Net Realizable Value $ 492.275

Initial Balance

Accounts Receivable $ 507.500 End 2018

Allowance for Uncollectible Accounts - $ 92.400 Beginning 2018

Entry when $88,500 in receivables were determined to be uncollectible.

Allowance for Uncollectible Accounts $ 88.500

Accounts Receivable $ 88.500

(Keep in mind that the balance of Acc Rec is at the end of 2018, so this entry had already been registered.)

New Balance

Accounts Receivable $ 507.500 End 2018

Allowance for Uncollectible Accounts $ 3.900 End 2018

Bad debt expense $ 11.325 to complete the 3%

Allowance for Uncollectible Accounts $ 11.325

New Balance

Accounts Receivable $ 507.500

Allowance for Uncollectible Accounts $ 15.225 3%

Net Realizable Value $ 492.275

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3 years ago

Distinguish between private and public company???​

Distinguish between private and public company???