STATEMENT OF STOCKHOLDERS’ EQUITY The income statement is a financial statement that shows the revenues that a company earns and the expenses that a company incurs in a particular period of time. It is also called a profit and loss statement. The income statement starts with the revenues and deducts the expenses for the firm to arrive at the net profits. It is prepared after a specific time. STATEMENT OF STOCKHOLDERS’ EQUITY The statement of Stockholders’ equity is a part of the financial statement that shows the changes in the equity section of the balance sheet. It shows the activities that increased or decreased the equity of the company for a particular accounting period. It reports the shares, dividends, and the retained earnings of the company at a specific period. BALANCE SHEET The balance sheet is part of the financial statements that report the financial position of the company at a given specific financial period. It reports the balances of the assets, liabilities, and the equity of the company after the end of a particular period in time. It shows…
What We Should Know Before Setting Up Sdn Bhd? The Sdn Bhd Company in Malaysia is the legal business entity whose liability gets limited by the shares. Sdn Bhd, or a Sendirian Berhad Company, at the time of registration, gets incorporated as a private venture. The words Sdn Bhd come alongside the name of the company in this case. It has become a highly popular business entity in the country, as many of the local and foreign entrepreneurs register their businesses as an Sdn Bhd Company. The popularity of an Sdn Bhd Company comes from the fact that it’s a separate legal body from the shareholders. Setting up Sdn Bhd would lead the directors to have limited liability for the losses and debts of the company. The process of registering an Sdn Bhd Company Any company in the country has to get registered through a legally authorized Company Secretary. So, you will need to have a Company Secretary appointed, as well. The companies will have to register with the government body known as the Companies Commission of Malaysia (Suruhanjaya Syarikat…
An argument about guns and the ability to use them have been under attack in the United States An argument about guns and the ability to use them have been under attack in the United States. Many places throughout the borders of the United States of America, has weapons commonly misused. There are groups of people that believe that as long as we have the right to bear arms that many unprotected people will lose their lives due to gun violence. Many trends come with gun violence, and where these guns are, a mass shooting occurs, but the main one is that when a person is legally prohibited carrying a weapon, then that is where the most gun violence happens. However, the right is not unlimited. U.S.A Supreme Court has upheld some firearms restrictions, such as bans on concealed weapons and the possession of certain types of firearms, as well as a law against the sale of guns to specific categories of people (Hay, J. 2018). The Gun Control Act of 1968 prohibits individuals under eighteen years of age, convicted…
client manipulation of financial statements It has to our attention that an accountant has been manipulating some client information on financial manipulation. This memo is a reminder that clients’ information should hold responsible for producing concise and timely financial reports. The financial manipulation was detected by investors who are in a relationship with the corporate client. The manipulation is through exaggeration of the current period earnings on the income statement that artificially inflates revenue. When the company’s operation was in a worse condition, this is where the tension on financial numbers did start. The manipulation happens through the release of the annual results that no one notices the change, but while studying the reports, the company auditors see a frequent move where he signals a warning. Due to company management being in bad terms with the auditors, thus created a strong influence, and so have to keep a close check. Clients’ request for manipulation of financial their statements leads to an ethical dilemma in accounting. Explore whether the issues regulated by law or policy. Ethics in accounting is concerned…
Thesis Statement and Annotated Bibliography Thesis Statement: This paper argues that a review of a wide variety of sources is the only way one can get accurate information pertaining to the COVID-19 outbreak. Bradsher, Keith. “As China Fights the Coronavirus, Some Say it Has Gone Too Far.” New York Times, 20 Feb. 2020. Retrieved from https://www.nytimes.com/2020/02/20/business/economy/china-economy-quarantine.html This article explores how China responded to the first incidents of coronavirus in the country. The article argues there are different perceptions of China’s response to the coronavirus outbreak, some criticizing it, and others praising it (Bradsher). This article underscores the importance of incorporating differing opinions regarding a specific event. People’s Daily. “Xi Says China Firmly Supports EU’s Battle Against COVID-19.” People’s Daily, 15 March. 2020. Retrieved from http://en.people.cn/n3/2020/0315/c90000-9668343.html This is an article from a newspaper controlled by China’s ruling party. In this article, the People’s Daily only incorporates information that portrays China’s ruling party in good light on its response to coronavirus. This article is important in gaining the perception of the Chinese government pertaining to how it responded to the Coronavirus outbreak.…
Fourth Amendment of the American constitution There are rights that the incarcerated inmates do not enjoy while in prison, and there are others that they enjoy. All these rights affect them in one way or another. Being incarcerated denies inmates the freedom to engage in many things. First, the Fourth Amendment of the American constitution gives the right to privacy to every citizen in the U.S. However, and inmates do not enjoy this right as the police officers can conduct unwarranted searches on them at any time. Though the prisoners have the right to receive magazines and letters from outside, the officers can decide to open the letters and read what is enclosed. In most instances, the officers deny the inmates the right to privacy as a strategy to strengthen security in the correctional centers. Second, incarcerated inmates in the U.S are denied the right to vote. It is only two states, Maine and Vermont, in the U.S that allow inmates to vote. In all the other states, inmate voting is prohibited. Inmates regain their right to vote after they…
Public disagreement about gun control in the United States of America Public disagreement about gun control in the United States of America has seen the government make policies to protect individuals owning firearms continuously. Forgetting that these individuals, at one point, not all of them, but a quit number do participate in mass murder using guns that commonly exist among American civilians. Controlling guns in the United States might greatly help to slash crime and save lives. Firearms of high caliber, should not be legalized to be owned by American citizens, such as AR17 or 3G guns, should not be sold anywhere on the American market. These types of guns have the potential of killing a crowed. Firstly, why should the American government legalize ownership of a weapon that can carry 60 to 150 rounds to a law-abiding American citizen? The American government should step up and offer security to its citizens and not weaponries them. However, several organizations have been seen not advocating for gun control in America, American citizens have, to a far extent, threatened by these organizations…
arguments from the proponent s and opposers of abortion Abortion is one of the most controversial topics in every nation all over the world and more so in the United States of America. Different sides give their opinions concerning the debate on why they think it is right or wrong. People from the progressive side firmly believe that the women should be allowed to do what they wish with their bodies while the opponents draw their argument from a religious context when opposing the matter. Abortion is legal in some States, but the debate on the subject still goes on as both sides continue to hold their grounds. The paper will look at this unending debate and try to analyze the arguments from the proponent s and opposers of abortion. Abortion is right as it affords the right over their bodies and their reproductive choice. The woman has the right to decide whether to and when to give birth, it allows them to decide their future. Declaring abortion illegal infringes on their right to determine the course of their life…
The American Revolution The American Revolution was a colonial war fought between colonists, the British, and the American revolutionists, mostly referred to as the American Patriots in the Thirteen Colonies. The war was marked gunshots in Lexington and Concord in 1775 and ended in 1781 when the British surrendered to the American revolutionists. The American Revolution is essential in American history because it led to the declaration of the United States as an independent country, free from the colonists. The Americans were not prepared for the war, as only a third of the Americans supported it when it started in 1775. There were various reasons why some people opposed it, yet it was a way of bringing liberty to the American society. First, the colonists had a well trained, organized, and equipped army. On the other hand, the Americans were not were untrained to use guns, not well equipped, and also their military tactics not promising. This made many American citizens believe that the revolutionists would lose the battles. Though they lost their first battles, their continuous efforts encouraged other…
The Battle of the Marne The First World War was fought between 1914 and 1918. The six of Europe’s powerful countries formed allies against each other in the initial stages of the war. France, Britain, and Russia formed the Triple Entente while Austria-Hungary, Germany, and Italy formed the Central powers. World War I is also known as the Great war because of its impact on the world’s history. It is averaged that around seven million soldiers died during the war. America later entered the war in 1917, supporting the Entente Alliance. Many battles happened before America entered the war. The Battle of the Marne marked the beginning of the war in 1914. Though Germany had declared war on Russia, it had strategized to knock out France before Russia had mobilized its soldiers. This strategy was later named the Schlieffen Plan. However, the French army assembled so fast, and with the support of the British, they launched an attack which led to the German soldiers retreating. Another critical battle was the battle of Gallipoli in 1915 April to January 1916. Other…