Explain the different methods of computing profit prior to incorporation.
Question:
Explain the different methods of computing profit prior to incorporation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Prior to incorporation when a business is not yet a legally recognized entity there are certain methods used to compute profit These methods are emplo...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted:
Students also viewed these Business questions
-
Explain the different methods for measuring customer service.
-
During the third quarter of its 20X7 fiscal year, Press Company is considering the different methods of reporting accounting changes on its interim segments. Preliminary data are available for the...
-
In 150 words or fewer, explain the different methods that can be used to calculate depreciation. Your explanation should include how to calculate depreciation expense using each method.
-
Using result (8.9), find f(x) when f (x) is (a) x (b) 1/x 5 (c) 1 3x
-
The Baldwin Company will sell 100 units (x1000) of capacity from their Best product line. Each unit of capacity is worth $6 plus $4 per automation rating. The Baldwin Company will sell the capacity...
-
What are the three presumptions concerning the competency of evidential matter?
-
What is the difference between a for-profi t and a nonprofi t organization?
-
The balance sheet of Lamont Bros. follows: a. What portions of Lamonts assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury...
-
Martinez Company's ending inventory includes the following items: Compute the lower of cost or NRV for ending inventory applied separately to each product.
-
Profit prior to incorporation is A. Debited to Goodwill Account B. Credited to General Reserve Account C. Credited to Capital Reserve Account
-
As per the provision of the Companies Act, 2013, in case of debentures, the commission paid or agreed to be paid does not exceed A. 2% of the face value B. 2.5% of the issue price C. 5% of the issue...
-
A catalyst reduces the activation energy of a reaction from 215 to 206 kJ. By what factor would you expect the reaction-rate constant to increase at 25 C? Assume that the pre-exponential term (A) is...
-
Find the derivative. 1 f(x)=(4x3+5x)1/3
-
(5.) The Alden Oil Company buys crude vegetable oil. The refining of this oil results in four products, A, B and C, which are liquids and D, which is heavy grease. The cost of the oil refined in 19_9...
-
Derivative of 4 0 0 0 / x + 4 0 + 0 . 1 x
-
covert the polar equation r = 8 3 c o s ( ) - 4 c o s ( ) t o cartesian
-
(2-4)2 <4 Let F (z) = e +4 4
-
1. Accuracy represents (a) Repeatability of a measurement, using a given instrument. (b) How close a measurement is to the true value. (c) An ideal number of measurements to make. (d) How poorly an...
-
You've been asked to take over leadership of a group of paralegals that once had a reputation for being a tight-knit, supportive team, but you quickly figure out that this team is in danger of...
-
True and False. While computing capital employed, fictitious assets should be included.
-
Capital employed represents the funds provided by: (a). Creditors (b). Debenture holders (c). Shareholders (d). All of these
-
While evaluating goodwill, why do we consider average capital employed?
-
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
-
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
-
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...
Study smarter with the SolutionInn App