how Settlement of accounts on dissolution of the firm
Q: how do I analyze changes in a company's equity
A: This shows the capital of the company.
Q: What are the possible actions when a business becomes insolvent?
A: Insolvency occurs when a person or business is unable to service the debt to lenders as debts come…
Q: Which type of business organization provides the least amount of protection forbankers and other…
A: Corporation: Corporation is the form of organization that has legal existence that is owned and…
Q: Which of the following represents an obligation of the company? Liability Asset Owners' Equity…
A: The obligation of a company is the company's responsibility that has to be paid.
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A: Purchase consideration means the amount which is to be paid by purchasing company to the selling…
Q: Could a privately held company benefit from usingGAAP accounting, e
A: The Financial Accounting Standards Board publishes generally accepted accounting principles (GAAP),…
Q: what is the difference between a sole trader , pafrtenership and a company . explain
A: Sole proprietorship in easy words could be a one-person business organization. moreover, a sole…
Q: All accounts of the firm are closed in case of a: O a. Dissolution of firm O b. Realization Account…
A: Dissolution of firm means firms ceased to exist. Realization Account is a nominal account which is…
Q: The journal entry to record the amount receivable when a call is made by the company is: Select one:…
A: Calls on Share: Calls on shares signify the company's right on somewhat paid offers to pay part or…
Q: How would you describe a change that a company makes from the equity method to the fair-value method…
A: Definition: Equity method: Equity method is the method used for accounting equity investments…
Q: xplain the difference between a Shar
A: Efforts of various people in order to run a successful business and many people associated with the…
Q: Which all circumstances lead to dissolution of a firm? O a. All options are correct O b. Dissolution…
A: Ways to dissolved a partnership firm 1. Dissolution by mutual consent of partner(By agreement) 2.…
Q: Compare and contrast these charges, paying particular attention to how they are created and…
A: Fixed ChargeIf a debt is subject to a fixed charge, the borrowing will be secured against a…
Q: On a balance sheet prepared for a company during reorganization, how are liabilities reported?a. As…
A: Liabilities refers to state of being legally responsible for something.
Q: (b) Discuss the effects and procedure for mergers and acquisition.
A: (b) Mergers and acquisitions is used to describe the accumulation of companies or their assets…
Q: Explain common forms of business ownership—sole proprietorship, partnership, and corporation—and…
A: A sole-proprietorship is one that has one owner who has unlimited liability for the business. A…
Q: Explain the concepts of business acquisitions, mergers and consolidation of financial statements.
A: The merger or acquisition of smaller companies into large business entities is known as…
Q: When a company decides to pay a dividend, explain what makes the payment a dividend as opposed to…
A: Dividends will be declared and paid by the companies to their shareholders. There are two types of…
Q: 1)Distinguish between the concepts of prudence and accrual with respect to their effects on…
A: We will answer the first question since the exact one was not specified. Please resubmit the…
Q: Since a stock split changes information of a business, this transaction needs to be recorded.
A: Answer: False
Q: What is the purpose of making a Statement of Changes in Equity in a Company?
A: Statement of changes in equity is the reconciliation of beginning and ending balances of…
Q: What is the purpose of Statement of Changes in Equity in a Company
A: The financial statements of the business includes the income statement, cash flow statement,…
Q: the issuance of its stock is an example of which type of business activity?
A: First we should know the meaning of all this terms, a) Operating :- Its name is explaining…
Q: Choose the correct. On a balance sheet prepared for a company during reorganization, how are…
A: Liabilities: It refers to the money owed by the business towards outside entities for a period…
Q: What are the different financial risks in business acquisition and combination?
A: Financial risk is the risk that the company has overpaid or has got more leverage than required or…
Q: Explain the situations under which a firm is dissolved.
A: Partnership: Partnership is defined as an association of two or more persons to carry business for…
Q: How would one characterize holding company? a). A company that "holds" only assets, no…
A: A holding company is a business entity—usually a corporation or limited liability company (LLC).…
Q: Discuss how Floating and Fixed debentures affects the profitability of a business?
A: In floating debentures the interest rate of such debentures change will the level of changes... Such…
Q: 1. What are the powers of liquidator in the case of winding up of a company?
A: Liquidator: It is a person appointed to handle the procedure of liquidation. All assets are sold…
Q: Which of the following may not be an effect of VAT on the accounting records of a company? i. The…
A: VAT refers to indirect tax imposed on the sale and purchase of goods and services.
Q: Should companies retain dividends in the firm to protect employment and investments?
A: Retaining dividend is a part of the profit that is not given to the shareholder in fact it is held…
Q: se? The balance sh
A: introduction: Financial statement such as balance sheet and profit and loss statement reflect the…
Q: What term is used to describe the characteristic of a business entity where an individual(s)…
A: A PARTNERSHIP IS THE RELATIONSHIP OF TWO OR MORE PARTNERS CARRYING OUT A BUSINESS WITH A VIEW TO…
Q: What are the functions of the underwriters in an IPO?
A: Initial Public Offering Initial public offering refers to the process by which a company sells its…
Q: While putting the value or price of an entity in financial records the lowest price is recorded not…
A: Accounting is the process of recording financial transactions (which can be measured in terms of…
Q: Which of the following is considered as a liability in the balance sheet of a firm? Accounts…
A: Balance sheet of a firm involves both assets as well as liabilities
Q: The decision to pay a cash dividend is within the jurisdiction of A. the board of directors…
A: Dividend: Dividend is the return on stock investment earned by the shareholders of a firm. Cash…
Q: Question The decision to pay a cash dividend is within the jurisdiction of . A. the board of…
A: The portion of the company's earnings that are distributed directly in the form of money to the…
Q: When do dividends become legal debt of the company?
A: Once the dividend is declared by the company, it has to pay dividend in certain deadlines. It…
Q: Ways companies raise capital and winding up of companies
A: Solution- There are Many ways by Company can raise Capital…
Q: The shareholders' equity figure on a balance sheet represents
A: Shareholder are the owner of company they have ownership of company.
Q: Explain the co
A: Answer : An acquisition is defined as a company dealings wherever one company purchases some or all…
how Settlement of accounts on dissolution of the firm
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- analyze company disclosures of signifi cant accounting policiesWhich of the following concepts states that a business will continue its operations for the foreseeable future and the company will not be forced to liquidate in the near future? a. Accrual basis b. Materiality c. Consistency concept d. Going concernWhat are the key differences between accrual accounting and cash accounting, and how do these methods impact the representation of a company's financial position and performance?
- How does balance sheet communicate information on the performance of a firma)differentiate between business risk and financial risk within a company. b)differentiate between real assets and financial assets of a company. c)differentiate between cash (spot) markets and derivative markets. d)describe the major differences between forward contracts and option contracts.What term is used to describe the characteristic of a business entity where an individual(s) associated with an entity can not only lose all of his/her investment in the firm but personal assets can be taken to pay the debts of the firm if necessary? Group of answer choices unlimited liability limited liability dissolution mutual agency
- Account Describe the process of consolidating financial statements for a parent company and its subsidiaries, including the elimination of intercompany transactions and balances.what is the purchase and pooling method of accounting for business combinations?What is the purpose of long-term liabilities in financial accounting, and how do they affect a company's balance sheet?
- How does the concept of fair value accounting influence the valuation of assets and liabilities on a company's balance sheet, and what are the advantages and disadvantages of using fair value accounting in financial reporting?Which of the following is an internal user of a company’s financial information?a. board of directors c. stockholders of the companyb. regulatory agencies d. long-term creditors of an enterprisesIf Firm A's business is to obtain savings from individuals and then invest them in financial assets issued by other firms or individuals, Firm A is a financial intermediary.a.Trueb.False
