Answer:
The answer is True.
Explanation:
Income statement ultimately shows the profit or the loss of the Organizational activities.
The data used in the preparation of the income statement are based on the accounting information are are always based on accounting information.
Answer:
The correct word for the blank space is: Revised Model Business Corporation Act.
Explanation:
The United States corporate laws are regulated by the Model Business Corporation Act (MBCA). The Act was born as a need for disambiguation of liabilities incurred by corporations where it was not clear if owners were personally liable for debts of the organization. Nowadays, the Revised Model Business Corporation Act (RMBCA) rules that concept and adopted some other features to bring clarity when it comes to corporate obligations.
Answer:
The correct answer is D. Choices that are the best for more than one person are said to be in the social interest.
Explanation:
The social interest is a concept sufficiently clarified in Company Law. The Capital Companies Law refers to it in terms of challenging social agreements: if an agreement is not in accordance with the corporate interest, it can be challenged. It is only negatively contested, that is, if the plaintiff can argue that the agreement is contrary to the social interest, so that it is not a validity requirement that the agreement be in accordance with the social interest. Likewise, if the administrators act against the social interest when they exercise their discretionary powers, they incur responsibility for violation of their duty of loyalty.
The primary tool used by the Fed to achieve monetary policy goals is <u>Open Market Operations.</u>
<h3>What are Open Market Operations (OMO)?</h3>
- This refers to the trading of securities by the fed.
- Securities traded include bills, notes, and bonds.
When the fed wants to increase the money supply, they will buy these securities from the public. If it is a decrease they they seek, they will sell securities to the public.
In conclusion, this is Open Market Operations.
Find out more about Open Market Operations at brainly.com/question/14256204.
Answer:
Explanation:
Sunk, or past, costs are monies already spent or money that is already contracted to be spent. A decision on whether or not a new endeavor is started will have no effect on this cash flow, so sunk costs cannot be relevant.
For example, money that has been spent on market research for a new product or planning a new factory is already spent and isn’t coming back to the company, irrespective of whether the product is approved for manufacture or the factory is built.
Committed costs are costs that would be incurred in the future but they cannot be avoided because the company has already committed to them through another decision which has been made.
