Sing Tao Inc

question 19

Multiple Choice

Sing Tao inc. began operations on June 2, 2014. During June, Sing Tao sold ordinary shares for HK$17,175,000, earned revenue of HK$3,030,000, incurred expenses of HK$1,545,000, and paid dividends of HK$45,000. Equity at the end of June is

• A) HK$1,440,000.
• B) HK$1,485,000.
• C) HK$18,615,000.
• D) HK$20,205,000.

Understand the concepts of procedural and substantive due process.

Comprehend the standards of scrutiny (rational basis, intermediate, and strict) applied by courts in evaluating laws affecting constitutional rights.

Know the limitations and powers of the federal government and states regarding taxation and regulation for social welfare objectives.

Critically analyze and assess limitations on free speech rights and defenses against defamation based on the First Amendment.

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Definitions:

Operating Activities

These are day-to-day actions that a company engages in, which are directly related to its primary operations such as sales, provision of services, and production.

Prepaid Expenses

Costs paid for in advance of receiving the benefit, recorded as assets until used or consumed.

Income Taxes Payable

The amount of income taxes a company owes to the government but has not yet paid.

Operating Activities

Activities that are directly related to the primary operations of a company, such as selling products or services, which are reflected in the company's cash flow.