Author name: nehme sbeity

The accounting records are often referred to as the corporation’s books. Preferred stock where past, omitted dividends do not have to be paid before a dividend can be paid to common stockholders. In the case of noncumulative preferred stock, only its current year dividend needs to be paid in order for a corporation to pay […]

In simple words, we can say that the cash account is classified as an asset account and Robert’s capital account is classified as an equity account. The equation remains balanced, as assets and liabilitiesincrease. The balance sheet would experience an increase in assetsand an increase in liabilities. An accounting transaction analysis is the first step

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xii It follows that a parent company is not the agent of its subsidiaries and vice versa. Thus, the principle of separate legal personality is admitted also for group companies or, as defined by Moore, for “multinational inter-corporate group enterprise”. xiii This relation is established between two completely different legal entities, a parent company and subsidiaries, with