21 - I- Obtaining permission from the Ministry of Industry and Trade II- Meeting of the General Assembly of the Foundation III- Registration and announcement of the company IV- Preparation of the main contract Obtaining permission from the V-Capital Markets Board How should a joint stock company be established, in order? A) II-III-I-IV-V B) IV-II-III-I-V C) IV- I-V-II-III D) V-II-I-IV-III E) II-IV-I-V-III

21 - I- Obtaining permission from the Ministry of Industry and Trade II- Meeting of the General Assembly of the Foundation III- Registration and announcement of the company IV- Preparation of the main contract Obtaining permission from the V-Capital Markets Board How should a joint stock company be established, in order? A) II-III-I-IV-V B) IV-II-III-I-V C) IV- I-V-II-III D) V-II-I-IV-III E) II-IV-I-V-III

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter19: Cost Behavior And Cost-Volume-Profit Analysis

Section: Chapter Questions

Problem 19.1CP

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20) IAS 28 Investment governs the identification of associates. Which of the following is true? Select one: O a. The investing equity owned by its hare since the incorporation of the investee equity O b. The investor holds greater than 20% but less than 50% of the entity power of the investee Oc. The investing entity has some influences over entities in the same industry. Od. The investor often trades with the invest
19- Which of the following accounts includes securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business ? a) 23 Other Receivables Account Group B) 24 Financial Fixed Assets Account Group NS) 13 Other Receivables Account Group D) 12 Trade Receivables Account Group
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Watts and Lyon are forming a partnership. Watts invests $40,500 and Lyon invests $49,500. The partners agree that Watts will work one-fourth of the total time devoted to the partnership and Lyon will work three-fourths. They have discussed the following alternative plans for sharing income and loss: (a) in the ratio of their initial capital investments; (b) in proportion to the time devoted to the business; (c) a salary allowance of $15,000 per year to Lyon and the remaining balance in accordance with the ratio of their initial capital investments; or (d) a salary allowance of $15,000 per year to Lyon, 11% interest on their initial capital investments, and the remaining balance shared equally. The partners expect the business to perform as follows: Year 1, $13,000 net loss; Year 2, $32,500 net income; and Year 3, $54,167 net income. Required: Complete the tables, one for each of the first three years, by showing how to allocate partnership income or loss to the partners under each of…
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