What is the doctrine of continuity of business enterprise and continuity of proprietary interest?

Q: When a share-based payment transaction is with an employee and others providing similar services,…

A: Share-based payment means where an entity enters into an transactions with the employees and others…

Q: When is the fair value method used for recording interest in a separate company?

A: The methods for recording interest in a separate company are as follows: Fair value method Amortized…

Q: What is the difference between private and public liability companies

A: Corporation- A corporation is a legal entity that is distinct from its owners and is formed under…

Q: Explain the indirect ownership interests and who has the indirect interests? Describe the situation…

A: An ownership interest in an entity that owns an ownership interest in another entity. This is…

Q: What does the phrase "limited liability" mean in a corporate context?

A: Limited liability means owners liability is limited to the invested capital in the firm.

Q: Could a privately held company benefit from usingGAAP accounting, e

A: The Financial Accounting Standards Board publishes generally accepted accounting principles (GAAP),…

Q: In a franchise arrangement, what are a franchisor’s typical performance obligations?

A: The franchise contract is recognized as a distinct series of performance obligations and essentially…

Q: Explain the reasons for preparing and providing a shareholder agreement.

A: The shareholder agreement is the agreement between the shareholders and the board of the company. In…

Q: What are the major internal controls over owners’ equity?

A: Stockholders’ equity is the claims of owners on a company’s resources, after the liabilities are…

Q: Define Limited liability company.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What does “ Shareholders Limited  Liability “  Mean  ?

A: Shareholders are the persons who own the company and have a right to vote in the event of making…

Q: ________ are a portion of the ownership of a company or cooperation.

A: COLLECTIVELY , SHARES ARE KNOWN AS STOCK AND ONE SHARE OF STOCK REPRESENT PART OWNERSHIP OF A…

Q: Demonstrate the consolidation process when a corporate ownership structure is characterized by…

A: Definition: A connecting affiliation exists when 2 or more entities within a particular business…

Q: Which one of the following statements correctly describes a characteristic of an entity purchase…

A: In this question we will explain that which is the correct option  or a suitable characteristic of…

Q: he entity that obtains control over another business in a business combination called the

A: Consolidated financial statements: When an investor company holds above 50% in the outstanding stock…

Q: What are holding companies? What are theiradvantages and disadvantages?

A: Holding companies: Holding company is a corporation that does not carried out any processes,…

Q: Define shareholder rights provision

A: Answer: Usually, a shareholder right means a set of rights acquired by a shareholder by way of…

Q: How does ‘Nature of business’ affect the value of goodwill of a firm ?

A: One of the factors that affect the goodwill value is the nature of business. If a firm is having…

Q: Define shareholder agreement. Explain how it is different to articles of association

A: The articles of association are a legal document that defines a company's objective and lays out the…

Q: What role does the buy–sell agreement occupy in a business successionplan?

A: The role of the buy–sell agreement occupy in a business successionplan is given below as,

Q: What is the personal responsibility of a owner in a private limited company?

A: Definition of Private Company A private company is a firm held under private ownership. Private…

Q: Explain the key steps in the acquisition method in accounting for business combination. Why Fair…

A: Business Combination- It is a situation when an entity acquires the business of other entity or…

Q: What is a non-controlling interest, and how should it be disclosed? How are non-controlling…

A: Non-Controlling Interest:- This term is used for a "Minority interest" in the subsidiary company. It…

Q: In Corporation Law, the application of the principle of “Centralized Management” has brought about…

A: Answers

Q: List the potential conflict of interests between shareholders, executives and other stakeholders due…

A: Share Repurchase is also known as buy back. It means that when company buy back their own share it…

Q: How is a contingent liability accounting for in a business combination by the acquirer under IFRS…

A: Contingent liabilities are those liabilities which has probability of chance to become a liability…

Q: who has the primary responsibility to ensure all material transactions are properly accounted for to…

A: Users of financial statement Users of financial statement are external users and shareholder. Income…

Q: What are variable interests in an entity and how might they provide financial control over an…

A: Variable interest is referred as the interest rate on loan or security that differ over the 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: What is parent company?

A: Introduction: Parent corporations might be hands-on or hands-off its subsidiaries, based on the sum…

Q: What type of companies should consider an LLC its form of ownership?

A: Limited liability companies may be the most kinds of companies. A joint relationship, such as a law…

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: Define group, subsidiary and what is controlling company.

A: The answer is stated below:

Q: List and explain shareholder rights

A: Shareholder's rights refers to the mix of rights which a shareholder in lieu to total number of…

Q: Why is it important to understand the economic systemunder which a company operates before entering…

A:

Q: Explain what the separate entity assumption means whenit says a business is treated as separate from…

A: Accounting Assumption The accounting assumptions are the columns on which the accounting system is…

Q: Which accounting principle states that companies and owner should be treated as separate entities

A: A company is formed by the owner of the company but the owner is treated as separate entities and…

Q: How can the separate entity concept benefit the owner and the business

A: Separate entity concept: It refers to the practice of Recording separately the transactions of the…

Q: What are the two sources of Ownership interests of shareholders?

A: Shareholders are those persons who purchases shares from the company and becomes owners of some…

Q: What areadvantges and disadvantages of the corporate form of business organazations?

A: Business organization: The organization which is established with the motive of earning profit is…