Stockholders space not authorized to sign contracts or make company commitments on behalf of the corporation.

You are watching: Lack of mutual agency is best described as which of the following?


Corporations pay revenue tax top top corporate​ earnings, and also shareholders pay earnings tax on the dividends received.
internally created equity the is deserve by profitable operations that is not spread to stockholders
Bentley Corporation got cash indigenous issuing 16,000 share of usual stock in ~ par ~ above January​ 1, 2018. The stock has a par worth of $ 0.01 per share. Which is the correct newspaper entry to record this​ transaction?
Which the the complying with is had in the entry to document the issuance the 7,000 shares of $8 par value usual stock in ~ $19 per share for​ cash?
Pumpkin Corporation issued 5,000shares of common stock on January​ 1, 2018. The stock has actually no par value and was issued in ~ $17.00 per share. The journal entry for this transaction includes a​ ________.

See more: Which Of These Words Does Not Describe Factual Data ? What Word Does Not Describe Factual Data


All City​ Realty, Inc. Authorize 5,000shares of $9 declared value common stock because that $12per share. The journal entry to record this transaction includes a credit transaction to​ ________.
A corporation declares a dividend of $0.50 per share top top 16,000shares of typical stock. I m sorry of the following is consisted of in the entry to record the​ declaration?
On November​ 1, 2018,​ Uno, Inc. Declared a dividend that $4.50per share.​ Uno, Inc. Has 29,000 share of usual stock outstanding and no preferred stock. Which of the adhering to is the newspaper entry required to record the explanation of the​ dividend?
On November​ 1, 2018,​ Nada, Inc. Claimed a dividend of $5.75per re-superstructure on usual stock.​ Nada, Inc. Has actually 26,000 share of usual stock outstanding and no desired stock. The date of document is November​ 15, and the payment date is November​ 30, 2018. I beg your pardon of the adhering to is the journal entry needed on November​ 30, 2018?
})}else;window.location.assign("https://princetoneclub.org/explanations/textbook-solutions/glencoe-accounting-first-year-course-1st-edition-9780078688294");">
*

})}else;window.location.assign("https://princetoneclub.org/explanations/textbook-solutions/horngrens-cost-accounting-16th-edition-9780134475998");">
*

})}else;window.location.assign("https://princetoneclub.org/explanations/textbook-solutions/fundamentals-of-corporate-finance-11th-edition-9780077861704");">
*

Fundamentals of this firm Finance11th EditionBradford D. Jordan, Randolph W. Westerfield, Stephen A. Ross
})}else;window.location.assign("https://princetoneclub.org/explanations/textbook-solutions/intermediate-accounting-16th-edition-9781119175148");">
*