The key difference in accounting procedures between sole proprietorships and partnerships is how the capital section is handled. In partnerships, the capital section is divided according to the number of partners with each partner contributing differently.
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Answer:
B.Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows.
Explanation:
As when common stock is issued, it provides cash to the company, for any kind of investments, or expense to be made, for running the business.
Financing activities are those which arrange monetary assets generally cash for the company, issue of securities, issue of bonds, borrowings as loans or note payable.
Thus, the statement B is correct.
Further dividends are provided after tax, and are distribution from net income, but not shown under that.
Providing services on account will provide revenue and net income will increase.
Purchasing of any equipment is investing as it will create an asset for the company.
b. False
Answer:
false
Explanation:
edge
b. False
This statement is (A) True.
Self-managed teams are generally described as employees who have been assigned with a certain task or work, and thus they alone are responsible for the completion of it.
Doing this ensures that each employee is aware of what assignment that he or she needs to do, and it also decreases the chance where diffusion of responsibility might occur due to the unclear nature of who is responsible for what task.
Answer:
The statement is True.
Explanation:
Self managed teams are the group of employees in an organization who plan and manage their daily day to day activities without any supervision. If there is a case in which supervision is necessary, then the it is very reduced supervision. Each member of the group is highly motivated and also motivates other members to complete their daily tasks. So the given statement is very true that self managed teams encourage each team member to be responsible for one particular task.
b. false
Answer:
a. true
Explanation:
The PGA, indeed, operates in two distinct divisions: The PGA of America serving amateur players and the PGA Tour catering to tour professionals. It also schedules events like the PGA Championship Tour, PGA Tour Canada, and the Web Tour.
The statement saying that the PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known as the PGA Tour, that governs the tour professionals, and schedules events such as the PGA Championship Tour, PGA Tour Canada, and the Web Tour is true.
The PGA, Professional Golfers' Association, is indeed a divided entity. The PGA of America is committed to promoting the game of golf at the local level and providing support to golf professionals serving amateur players. The PGA Tour, on the other hand, organizes the main professional golf tours played primarily by men in the United States and North America. Events under the PGA Tour include the PGA Championship Tour, PGA Tour Canada, and the Web Tour.
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