Question

In: Accounting

Match the independent entities in the table on the following page with the most likely objective...

Match the independent entities in the table on the following page with the most likely objective from the list below:

Stewardship

Income tax deferral

Cash flow prediction

Contract compliance

Performance evaluation

If more than one answer applies, provide a brief explanation justifying your response. Explanations are not required otherwise.

Entity

Objective

Brief Explanation

A private company with a large labour union that is preparing the negotiations with its union. The primary issue is large labour rate issues.

A private corporation that repairs commercial vehicles. The company has one shareholder who is also president of the company. The company urgently needs cash.

A not-for-profit golf club. Membership fees, green fees, dining room charges, and pro shop sales are used to operate the club. Club members are elected to sit on the board of directors of the club.

A family owned corporation that is planning on selling the shares to the public and become a public company that is traded on a stock exchange.

A medium sized corporation with significant bank financing, with minimum required liquidity ratios.

A municipal government.

A private corporation that provides consulting services to restaurants. The company has one shareholder who is also president of the company. The company has a small bank loan and no other major creditors.

A medium sized manufacturing company which pays senior management bonuses based on a percentage of annual profits.

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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