Define corporation

Q: related party transactions

A: Option a is wrong because the outstanding balance with the related parties and their terms and…

Q: Define special purpose entity (SPE)

A: A special purpose entity is a legally separate enterprise that bears liability to an organization.…

Q: Define Economic entity assumption.

A: Economic entity assumption is an accounting principle that separates the  transactions carried out…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: Define Subsidiary ledger.

A: General ledger: General ledger refers to the ledger that records all the transactions of the…

Q: A Company owns

A: These are the accounting transactions that are having a monetary impact on the financial statement…

Q: Relationship between IT Control and Financial reporting

A: Information Technology (IT) control can be defined as the specific activities that are performed by…

Q: Define statement of operations.

A: Financial statements of an organization includes income statement, balance sheet and cash flow…

Q: Define target company

A: Companies expand by acquiring or merging with other companies. By purchasing companies, company can…

Q: nat is the Production EC Company?

A: The cost of production for any company’s product must be determined in order to control cost and…

Q: goal of the corporation

A: The ultimate goal of the corporation is to maximize profits, not market value.

Q: Explain proprietorship

A: Sole proprietorship is a term commonly used in business to define the organizational structure.

Q: Explain the features ofa corporation

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: Departments within an organization

A: Departments are different segments of an organization entrusted with separate functions.

Q: Define acquiring company

A: The acquisition means when one company buys the more than 51% stake in another company. Companies…

Q: Define bylaws

A: An organization's Bylaws are the core values the association works under.

Q: ne government

A: Wealth tax is assumed @ 2% without any exemption limit. Tax period is assumed current period of…

Q: Define trademarks.

A:

Q: What is operating company?

A: The operating company  is the actual manufacturer of a product or service. The operating company is…

Q: Define Franchise.

A: There are several forms of business like the sole proprietorship, partnership and corporation which…

Q: Explain professional corporation (PC)?

A: Professional Corporation An entity that is composed of the professionals of specific types that are…

Q: Define agency debt

A: Agency debt are generally the debentures, bonds which is issued by agencies such as federal agencies…

Q: Illustrate the CDO Structure?

A: CDO is the abbreviation used for collateralized debt obligation. It is corporate based funanacial…

Q: Explain about history of IE.

A: Internet: It is a wide network or global network that interconnects computer systems all over the…

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: What is the purpose of organizations and why do they exist?

A: The organization  is a process that  involves the people , their strong commitment  and efforts to…

Q: What is incorporation by reference?

A: Securities and Exchange Commission (SEC):   The board which set rules for the companies for…

Q: What is understood by Incorporation by reference?

A: Securities and Exchange Commission (SEC):   The board which set rules for the companies for…

Q: Define charter

A: Introduction: Charters are legalized documents that lawfully set up corporate companies. Only…

Q: Define the term Acquisitions.

A: An acquisition is when one company purchases most or all of another company's shares to gain control…

Q: Define S corporation

A: The S corporation is a tax election that legal business entities can choose to elect for taxes…

Q: merits and demerits of organizational structure

A: Organizational structure is a structure that defines the flow of activities within the organization.…

Q: Governance issues include the following except;

A: The corporate governance represents the rules and practice by which the company would be controlled…

Q: Define vested

A: Vested in simpler terms means to confer or bestow power, the authority on someone. In commerce and…

Q: Accounting System Components

A: Accounting Information System is a computer based accounting system that collect, process, store and…

Q: What is organization structure?

A: Organisation structure is a system used to define a hierarchy within an organization. It identifies…

Q: Define Proprietorship

A: A form of an organization where a single person is the owner and controller of the business is known…

Q: Differentiate between private and public markets.

A: There are two types of markets for dealing with securities like stocks & bonds. They are public…

Q: Sall Corporat

A: FIRSTLY, we have to understand the meaning of cumulative and non cumulative shares: 1. Cumulative…

Q: Explain the model business coporation act.

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: Define benchmark company

A: Benchmarking is a method of comparing the performance of the goods , services, or processes of a…

Q: C corporation,

A: In case of short-run financial gain, financial gain = final sale worth – (the price of acquisition +…

Q: Define Households.

A: A household refers to a social entity of people living in a house or a home. However, this…

Q: internal reporting.

A: Option a is wrong because one of the options is correct. Option b is wrong because ABC can only be…

Q: Define patents.

A: A patent is the granting of a property right by a sovereign authority to an inventor. This grant…

Q: Define subsidiary

A: A corporation refers to a legal entity that is completely distinct from its owners. It is allowed to…