What is the function of a corporations stated capital account?
Question:
What is the function of a corporation’s stated capital account?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
The stated capital account also known as the legal capital or share capital account serves several important functions in a corporations financial str...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
The Law And Business Administration In Canada
ISBN: 9780133251678
14th Edition
Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
Question Posted:
Students also viewed these Social Science questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
What is the function of a partners capital account under the rules of generally accepted accounting principles ( GAAP )? What is the partners initial balance in the capital account? How and when does...
-
What is the function of a cash budget? A capital budget?
-
Hines stored her furniture, including a grand piano, in Arnetts warehouse. Needing more space, Arnett stored Hiness piano in Butlers warehouse next door. As a result of a fire, which occurred without...
-
McCabe, Ricciardelli, and James (2007) recruited 107 men and 151 women to complete a series of surveys pertaining to factors such as body image and body satisfaction. Using the Body Image...
-
What is a production report? What purpose does this report serve? LO7
-
Describe the nature of business strategy. LO.1
-
Grand Slam Manufacturing Co. operates on a modified wage plan. During one week's operation, the following direct labor costs were incurred: The employees are machine operators. Piece rates vary with...
-
A company's fixed operating costs are $470,000, its variable costs are $2.10 per unit, and the product's sales price is $5.85. What is the company's break-even point; that is, at what unit sales...
-
What special rights are normally carried by preferred shares?
-
What are the main advantages of forming a professional corporation?
-
Productivity should be a concern of every business organization. a. How is productivity defined? b. How are productivity measures used? c. Why is productivity important? d. What part of the...
-
Moving Inc. wants to develop an activity flexible budget for the activity of moving materials. Moving Inc. uses forklifts to move materials from receiving to storeroom and then to production. The...
-
We are in the tail end of Quarter 3 earnings reporting season in the U.S. markets. Roughly 60 percent of companies that have reported their Q3 earnings so far have reported negative earnings relative...
-
Below is a running shock tube illustration. 0.1 0.0 | 0.0 4 4 Diaphragm 1 0.5 Image: Shock tube Initial setup 1 3 2 1 Expansion Head Expansion Tail Slip Shock Surface Image: Running Shock Tube...
-
As you may remember, Holiday Tree Services, Inc. (HTS) has recently entered into a contract with Delish Burger (Delish), whereby HTS is to supply and decorate a Christmas tree in each of Delish...
-
Understanding various types of leadership styles is important in order to determine personal leadership styles. Reflection: Answer both Compare and contrast 2 leadership styles. State the...
-
Let y be a random variable having a normal distribution with a mean equal to 50 and a standard deviation equal to 8. Find the following probabilities: a. P(y > 50) b. P(y > 53) c. P(y
-
Sandcastles, Inc.s management has recently been looking at a proposal to purchase a new brick molding machine. With the new machine, the company would not have to buy bricks. The estimated useful...
-
For each of the following taxpayers, indicate the filing status for the taxpayer(s) for 2022 using the following legend: ASingle BMarried filing a joint return CMarried filing separate returns DHead...
-
Anahita is single, 82 years old, and blind. She is claimed as a dependent by her daughter and spouse, who file jointly. Anahita has no earned income but did receive $3,800 of investment (unearned)...
-
Abed and Anahita are married filing jointly. Abed is 65 and Anahita is 63 and they also care for Anahitas mother and claim her as a dependent. What is the 2022 filing threshold for Abed and Anahita?...
-
Use the following information: \ table [ [ Country , \ table [ [ Consumer Prices ] ] , Interest Rates,Current Units ( per US$ ) ] , [ Forecast , 3 - month, 1 - yx Covt Bond,, ] , [ 2 0 2 4 e ,...
-
Year-to-date, Yum Brands had earned a 3.70 percent return. During the same time period, Raytheon earned 4.58 percent and Coca-Cola earned 0.53 percent. If you have a portfolio made up of 40 percent...
-
Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom .15 .31 .41 .21 Good .60 .16 .12 .10 Poor .20 .03 .06 .04 Bust .05 .11 .16 .08 a. Your...
Study smarter with the SolutionInn App