which of the following is considered a legal entity, separate and apart from its owners? corporations sole proprietorship franchises partnerships

On Nov. 1, Lyons Company pays $1000 cash for a 12-month insurance policy. Use your knowledge of what a correct journal entry should look like to identify what would be included in the correct journal entry?

Cabot Inc. has 6%, $100,000 face amount bonds outstanding. The bonds were issued at a discount. At end of the current fiscal period, unamortized bond discount is $1,200. The balance sheet presentation of Cabot's bonds should include:

A currency dealer has good credit and can borrow either $1,000,000 or €800,000 for one year. The one-year interest rate in the U. S. is i$ = 2% and in the euro zone the one-year interest rate is i€ = 6%. The one-year forward exchange rate is $1.

If a manager spends $3000 in Internet advertising that brings in 25 prospects before 2 leases were signed and spends $1000 on print advertising that brings in 10 prospects before 1 lease was signed, which method was more cost effective?

Standard costs are: A. Established by the IMA. B. Uniform among companies within an industry. C. Actual costs incurred to produce a specific product or perform a service. D. Rarely achieved. E.

The currently maturing portion of long-term debt should be classified as a current liability if funds used to liquidate it are a. currently classified as a long-term asset. b. the debt is to be converted into common stock. c.

Willey Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles.

In a process cost system, the amount of work in process inventory is valued by a. allocating departmental costs between completed and partially completed units b. finding the sum of all completed jobs c.

Measures of central tendency and variability are calculated to describe the nature of charitable giving each year. These figures are computed for the "average" American citizen. Which of these is a possible value for the variance in dollars given? A.

How do you get a business at the age of 13