Knapp Industries began business on January 1, 2018 by issuing all of its 1,550,000 authorized shares of its $1 par value common
stock for $30 per share. On June 30, Knapp declared a cash dividend of $1.25 per share to stockholders of record on July 31. Knapp paid the cash dividend on August 30. On November 1, Knapp reacquired 310,000 of its own shares of stock for $35 per share. On December 22, Knapp resold 155,000 of these shares for $41 per share. Required:
a. Prepare all of the necessary journal entries to record the events described above.
b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018 assuming that the net income for the year was $8,000,000
Answer: A transnational organization is an organization that operate in more than one country. It is very important for such organization to have headquarters in each country their operate, because each country their operate will demand that the company should be registered as an organization, according to the countries terms and condition.
When a transnational company has at least one headquarters in the country their operate, it will help the operations of it's business in that country, It will help the organization in fast decision making, it will help the organization to run it's business in different ethics in accordance with the country it operates, it will help the organization in it's mode of employment. The organization can have a corporate headquarters in the country of it's origin, where the Managing directors of each headquarters come to discuss the business of the company.
One example of a transnational organization which has more that one headquarters is ExxonMobil. This company has more than 10 headquarters in different countries. And it's corporate headquarters is in Texas.
This is 101 for anyone who wants to write an effective speech, knowing what you want to accomplish and what you want the audience to do by the end of your speech is the idea behind this.
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The first one is microenvironment and the other one is the macro environment
The microenvironment refers to that environment that covers the business functions with respect to the general public, customers, competitors, employees, etc
While the macro environment refers to that environment that affects the business functions or its workings
