Explain the types of reserves for a limited liability company.
Fantastic news! We've Found the answer you've been seeking!
Question:
Explain the types of reserves for a limited liability company.
Expert Answer:
Answer rating: 100% (QA)
Reserves also referred to as retained earnings are portions of a businesss profits which are put aside to strengthen the businesss financial position ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. Explain why limited liability...
-
A limited liability company is becoming a common business form, with most states having passed legislation allowing this entity form. Use the Internet to find out more information about LLCs. Use...
-
A limited liability company (LLC) sold a Manhattan apartment building that it owned. The owners of 25 percent of the membership interests in the LLC filed a lawsuit on behalf of the LLCcalled a...
-
Calculate the investment return, BAR, and ALPHA of the following investment, all over one year. Market return .12 or 12% investment in Tesla stock, $15000 , then sold at end of year for $32000, bet...
-
Why may it be easier in performing an internal assessment to develop a list of 80 strengths/weaknesses than to decide on the top 20 to use in formulating strategies.
-
Use the following information to compute return on sales. Earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.67 Cost of goods sold . . . . . . . . . ....
-
Parkside Retails account balances are shown below. Prepare an income statement under the perpetual inventory system for the year ended 30 June 2025. Cost of sales $237 700 Inventory, 30 June 2025 28...
-
Whitman Company has just completed its first year of operations. The companys absorption costing income statement for the year appears below: The companys selling and administrative expenses consist...
-
6. 7. 8. 9. You are given a converging lens with equal radii of curvature and a diverging lens with the same radii of curvature as those of the converging lens. The lenses are made of material with n...
-
Poly Products sells packaging tape to industrial customers. All tape is sold in 100-foot rolls that are cut in various widths from a master roll, which is 15 inches wide. The product line consists of...
-
Ahmad saw an advertisement of a condominium in Kuala Lumpur with a list price of RM300,000.00. Ahmad is 30 years old and will retire at age 55. Housing prices in Kuala Lumpur generally increase at...
-
Which statement is true? a) In recent years the U.S. economy has become primarily socialistic. b) There is one model for capitalism that virtually every capitalist economy follows closely. c) The...
-
Which of the following would be the best public policy? a) Zero tolerance for pollution. b) Allow private business firms to curb their own pollution. c) Provide business firms with incentives to curb...
-
Which statement is the most accurate? a) The South had some very substantial economic grievances against the North in the years immediately preceding the Civil War. b) The South seceded from the...
-
Which statement is true? a) Government failure, by definition, can occur only at the federal level. b) Nearly all the first responders to Hurricane Katrina in New Orleans were in the private sector....
-
In socialist countries ______. a) most industry is privately owned. b) most people are government employees c) the government provides cradle-to-grave security d) tax rates are usually low
-
Enhancing employees' knowledge through training and development is crucial in today's marketplace. Employees who receive training will improve their skills, gain knowledge, and perform their daily...
-
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
-
The imposition of new trade tariffs has resulted in tensions between the United States and some of its major trading partners. Suppose you are a small business owner in the United States. a. How...
-
Suppose you identify 10 possible investments whose payoffs are completely independent of one another. All the investments have the same expected value and standard deviation. You have $1,000 to...
-
The rise in wealth inequality in the United States has reduced the capacity of much of the population to cope with transitory income shocks. How might you expect that to impact workers preferences...
Study smarter with the SolutionInn App