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Anuta_ua [19.1K]
3 years ago
11

Question Mode Multiple Choice Question A corporation is created by obtaining a charter from: Multiple choice question. an attorn

ey the federal government initial stockholders the state government
Business
1 answer:
Klio2033 [76]3 years ago
8 0

In general, when a corporation is to be created, it gets its charter from <u>the state government. </u>

<u />

Corporations:

  • Get their charter from a state government
  • Are bound by the laws of the state in which they are registered

The powers that state governments have in the United States include being able to license corporations and when they do this, that corporation is bound by their laws.

Corporations would therefore usually look for states with more lenient laws.

In conclusion, corporate charters come from the state government.

<em>Find out more at brainly.com/question/7500912.</em>

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Roberto Company uses a perpetual inventory system. On December 1, the company purchased $3,300 of merchandise for cash. Complete
Montano1993 [528]

Answer:

December 1, 202x, merchandise purchased for cash

Dr Merchandise inventory 3,300

    Cr Cash 3,300

Explanation:

When a company uses a perpetual inventory system, any purchases or sales are recorded directly using the appropriate inventory account. When a company uses a periodic inventory system, you should use a purchase account instead.

8 0
3 years ago
At the end of the day, the cash register tape shows $1,300 in cash sales, but the count of cash in the register is $1,385. The p
kherson [118]

Answer:

C. Debit Cash $1, 385: credit sales $1, 300: credit Cash Over and Short $85.

Explanation:

Based on the information given The proper entry to account for this excess is:

Debit Cash $1,385

Credit Sales $1,300

Credit Cash Over and Short $85

($1,385-$1,300)

5 0
2 years ago
Bottling Company enters into a contract with Chug’s Brewery to provide certain bottling and delivery services. Before Bottling s
irakobra [83]

Answer:

B. discharged

Explanation:

Based on the information provided within the question it can be said that Bottling's contractual obligation to Chug is breached. This term refers to when a party in a contract does not meet the obligations that they agreed upon for whatever reason. Which, since Bottling decided to not perform their part of the contract due to prices becoming to high then they are breaching the contract, regardless whether or not it is due to external factors.

3 0
3 years ago
Laelle is a confectionery company that manufactures candies. It does not use specific strategies to target children while market
Rudiy27

Answer:

The correct answer is c) undifferentiated targeting strategy.

Explanation:

An undifferentiated targeting strategy considers all possible buyers within the same reference group, which means that it does not determine specific conditions of a group of consumers to target it. Traditional marketing bases its strategy on the differentiated market, after in-depth studies about people's motivations, tastes, needs, etc. In this case Laelle does not use a specific strategy for the children who are supposed to be the main consumers, since for them it is indifferent if it is a child or adult who consumes their products.

6 0
3 years ago
When the company pays rent expense for the current month, what is the effect on the accounting equation for that company?
GREYUIT [131]

Answer:

decrease the stockholder equity and decrease in assets

Explanation:

As we know, the accounting equation is  

Total assets = Total liabilities + stockholder equity

In the given case,  

The rent is paid for the current month, so the journal entry would be

Rent expense A/c Dr XXXXX

    To Cash A/c XXXXX

(Being rent is paid)

So it decreases the stockholder equity as it includes the income and expenses part and it decreases in assets as it reduces the cash balance

3 0
3 years ago
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