Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Equity segment of a corporate balance sheet?
The stockholders' equity segment of a corporate balance sheet can become more complex as you will see later in the text. But the items in the owner's equity section of the balance sheets of a sole proprietorship and a partnership always remain as just shown. In a solitary proprietorship the owner's capital balance consists of the owner's investments in the business plus cumulative net income since the starting of the business less any amounts withdrawn by the owner.
Therefore all of the amounts in the various stockholders' equity accounts for a corporation are in the owner's capital account in a single proprietorship. In a partnership every partner's capital account balance consists of that partner's investments in the business plus that partner's cumulative share of net income since that partner became a partner less any amounts withdrawn by that partner.
The Dividends account in a corporation is alike to an owner's drawing account in a single proprietorship. These accounts both illustrate amounts taken out of the business by the owners. In a partnership every partner has a drawing account. Accountants treat liability, asset, revenue and expense accounts similarly in all three forms of organization.
The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk inve
Q. Relevance information to financial reporting? To have relevance information should be pertinent to or affect a decision. The information should make a difference to someone
How to define Inter company Transaction in Account Receivable? Ans) Intercompany transactions are those transactions that takes place among two or more entities of the similar g
Q. Cash equivalents and investments? Cash as well as cash equivalents consist of cash on hand and marketable securities with original maturities of three months or less. SFA
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inv
leagl provision of partner ship accounts
1. State the equity equation. 2. Which account represents the beginning equity figure? 3. In which accounts are changes to equity recorded? 4. How do drawings affect the calculati
Goods purchased from ranu p5000
It is reduction of taxes where from the income is produces and regarding services to be taxed there are about 120 services which are taxed in India for provision of service tax
An airfoil of surface area 1ft squared is tested for lift (L) in a wind tunnel. At an angle of attack of 5 degrees with standard air of density 0.0024 slugs/ft cube at a speed of 1
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd