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Do you need shareholder approval to issue shares?
Shareholder approval will only be required for issuances to a related party, and will not be required for issuances to 1) a subsidiary, affiliate, or othe...
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Which of the following best describes the purpose of market research Brainly?
The purpose of market research is that it helps producers earn more profits. Which of the following best describes the term market research? Market resear...
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What is advantage of Final audit?
Final audit is very suitable for small business concerns with less number of business transactions and resources. Periodical audit or final audit is condu...
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How do you maintain petty cash?
The most common accountancy approach used to manage petty cash is the ‘imprest’ system. This involves an employee being given the role of ‘custodian’ and ...
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How to do a SOAP journal?
SOAP is an acronym to help you remember: First, we read a passage of scripture. Then, we pick out a particular verse – or group of verses – that was espec...
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Is retained earnings internally generated?
Retained earnings are the portion of a company’s net income that management retains for internal operations instead of paying it to shareholders in the fo...
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What is the full meaning of perpetual?
1a : continuing forever : everlasting perpetual motion. b(1) : valid for all time a perpetual right. (2) : holding something (such as an office) for life ...
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Where does inventory go in a trial balance?
In a perpetual system, the inventory account is constantly changing, so the opening inventory balance will not be on the trial balance. To get it, you’ll ...
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How does an increase in accounts receivable affect cash flow?
Increasing accounts payable is a source of cash, so cash flow increased by that exact amount. For accounts receivable, a positive number represents a use ...
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Is accounting year and financial year same?
The terms “fiscal year” and “financial year” in the U.S. for companies are synonymous. They both refer to an accounting period of 12 consecutive months. W...
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