Match the statements in Column A with the appropriate term from Column B. Column A 1. 2.
Question:
Match the statements in Column A with the appropriate term from Column B.
Transcribed Image Text:
Column A 1. 2. 3. 4. 5. 6. 7. 8. A company whose shares are not traded on an organized stock exchange like the TSX. Accounting standards that can be used by private companies. The characteristic that allows a corporation to act in its own name rather than in the name of its shareholders. The characteristic that ensures shareholders cannot be made to pay creditors out of their personal assets. The characteristic that allows shareholders to transfer shares without the approval of the corporation. The costs incurred when forming a corporation. The shareholders have a right to elect this group of people. The right to vote, to receive dividends when declared, and to share in assets upon liquidation. Column B a. Transferable ownership rights b. Separate legal existence c. ASPE d. Limited liability e. Board of directors f. Common shares g. Organization costs h. Private company
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
1 h 2 ...View the full answer
Answered By
Amos Kiprotich
I am a wild researcher and I guarantee you a well written paper that is plagiarism free. I am a good time manager and hence you are assured that your paper will always be delivered a head of time. My services are cheap and the prices include a series of revisions, free referencing and formatting.
4.90+
15+ Reviews
21+ Question Solved
Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
Students also viewed these Business questions
-
Match the term in the left column with its appropriate definition from the rightcolumn: 1. Journal voucher file a. An individual financial statement item 2. Instance document b. Evaluating...
-
Match the statements in Column B to the tems in Column A. Write down the answers only, for example 1. (a). Column A Column B 1. Test place (a) defined as the increase in strain per 100 000 hours of...
-
Match the statements in Column B to the terms in Column A. Write down the answers only, for example 1. (a). Column A Column B 1. Vector (a) A slanting line or plane that is not parallel to the edges...
-
Under Social Security, the family of a worker who dies while fully insured at the time of death has a right to survivors' benefits. True False
-
Plaza Holdings Inc., a publicly listed company in Canada, ventured into construction of a mega shopping mall in Edmonton, which is rated as the largest shopping mall in North America. The company's...
-
video media consultant collected the following data on popular LED televisions sold through on-line retailers. a. Does there appear to be a linear relationship between the screen size and the price?...
-
How can past event information be utilised in planning future events?
-
Deluca Solutions Inc. is an Ontario- based manufacturer. The company is listed on the TSX, but the family of founder David Deluca retains control through multiple- voting shares. Deluca undertook...
-
Abu Riyalain', Saudi version of Dollar shops, offers a rich assortment of products at surprisingly low prices. These prices are not limited-time offers or special discounts. Instead, they reflect Abu...
-
A village has six residents, each of whom has accumulated savings of $100. Each villager can use this money either to buy a government bond that pays 10 percent interest per year or to buy a...
-
Patrick Sabine, a student, asks for your help in understanding the following characteristics of a corporation: (a) Limited liability of shareholders, (b) Transferable ownership rights (c) Ability to...
-
On August 5, Hansen Corporation issued 2,000 common shares for $12 per share. Prepare the journal entry for this transaction.
-
Your employer, a large MNC, has asked you to assess its transaction exposure. Its projected cash flows are as follows for the next year. Danish krone inflows equal DK50,000,000 while outflows equal...
-
Mark Adams grew up always working with his father in a workshop in their backyard. This leadhim to pursue carpentry as his career. He incorporated Mini Wooden Toys Company (MWTC) 10 years ago and he...
-
Presented is Violet Company's Contribution Income Statement: VIOLET COMPANY Contribution Income Statement For the Month Ending January 31, 2020 Sales $200,000 Less variable costs: Direct materials...
-
Explain the concept of quorum sensing in bacterial communication, detailing its molecular basis, ecological implications, and potential applications in biotechnology and medicine .
-
Ball sports is considering the purchase of a new stitching machine for 184600. the new machine will stitch 120 baseballs per hour at a contribution margin of 0.20 per baseball. The machine will...
-
What are the evolutionary mechanisms underlying the emergence and spread of complex social behaviors, such as altruism, cooperation, and eusociality, and how do theories like kin selection,...
-
A building was purchased for $100,000 on January 1, 2010. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2015, the estimated useful life was...
-
A superior criticized a sales manager for selling high-revenue, low-profit items instead of lower-revenue but higher-profit items. The sales manager responded, My income is based on commissions that...
-
On July 1, 2017, Moon Corporation, a private company, purchased $400,000 of six-year, 6% Star Corporation bonds for $420,000. The bonds pay interest each June 30. The bonds were purchased to earn...
-
Using the data presented in BE16-5, assume Strand Corp. is a public company and that it purchased Hydrocor's bonds for trading purposes. Prepare the journal entries to record (a) The purchase of the...
-
On April 1, 2017, Perfect Plastics Company purchased 40,000 common shares in Ecotown Ltd. for $15 per share. Management has designated the investment as FVTOCI. On December 5, Ecotown paid dividends...
-
Fishing Tours Ltd. is a 75% owned subsidiary of Boat Rentals Ltd. On January 1, 2012, Fishing Tours sold a boat to Boat Rentals Ltd. for $80,000, recognizing a gain of $30,000. Boat Rentals...
-
Borrowed 100000 from the bank by signing a $104000 six month non interest bearing noteA) Do assets increase, decrease, or is there no effect?B) Do Liabilities increase, decrease, or is there no...
-
Kandis Plc Ltd. pays an hourly labor rate of $17.20 in the production of its boom boxes. EPrestwich Company has budgeted production for next year as follows: Picture Two pounds of material A are...
Study smarter with the SolutionInn App