The Hughes corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements.
Disagree; This is a violation of the periodicity assumption
A corporation is an enterprise—normally a set of people or a corporation—authorized by means of the kingdom to act as a unmarried entity and diagnosed as such in regulation for positive functions. Early integrated entities were established via charter. maximum jurisdictions now permit the advent of new corporations via registration.
A organization, sometimes called a C corp, is a legal entity it's cut loose its proprietors. agencies can make a earnings, be taxed, and may be held legally accountable. companies offer the most powerful safety to its owners from private liability, but the price to shape a organization is better than other systems.
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