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2 years ago

Widget Corporation just bought land on which it plans to build a new manufacturing facility. How is the land owned

Business

1 answer:

galben [10]2 years ago

6 0

The land bought by Widget Corporation is owned by joint tenancy.

<h3>What is joint tenancy?</h3>

Joint tenancy is a situation whereby properties are owned by two or more people, who have same rights and obligations. This means that each of the parties to the joint tenancy owns equal share of the entire property.

The above means that upon the demise of any of the tenant, the other surviving tenant has the right of the property.

Hence, the land bought by Widget Corporation is owned by joint tenancy.

Learn more about joint tenancy here : brainly.com/question/25787743

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Woodmier Lawn Products introduced a new line of commercial sprinklers in 2020 that carry a one-year warranty against manufacture

blagie [28]

Answer:Woodmier journal $

1. Date

2021

Warranty expenses Dr 90,000

Warranty liability Cr. 90,000

Narration. Amount of warranty incurred for the year.

2021

Warranty liability Dr 90,000

Bank/Cash. Cr. 90,000

Narration. Payment of warranty expenditures.

2. No entry require

Explanation:

The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.

The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.

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3 years ago

1000 par value 5 year bond with 8% semiannual coupons was boughtto yield 7.5% convertible semiannually. Determine the amount of

Naya [18.7K]

Answer:

$2.08

Explanation:

First calculate the price of the bond

Price of the bond = [ ( 1000 x 8% x 6/12 ) x ( ( 1 - ( 1 + (7.5%x6/12) )^-(5x2) )/(7.5%x6/12) ] + { 1000 / (7.5%x6/12) ]

Price of the bond = $1,020.53

Now calculate the premium

Premium on the bond = Price of the bond - Face value of the bond = $1,020.53 - $1,000 = $20.53

Now prepare the amortization schedule to calculate the premium amortization in 6th payment.

The amortization schedule is attached with this answer please find that.

Hence, In the sixth payment the premium amortization is $2.08

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3 years ago

Ven though chemical companies have developed a less destructive replacement for cfcs, ozone depletion will likely continue becau

tankabanditka [31]

CFCs already in the atmosphere will last for many more years.

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3 years ago

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The marketing mix comprises four basic marketing strategies, collectively known as the four p's- product, place, price, and popu

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False, production is the missing P

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3 years ago

To copy a cell's formatting to another cell, which of the following can you use?

Tanya [424]

Based on Microsoft Excel formatting tools, when you need to copy a cell's formatting to another cell, <u>Format Painter</u> is the actual element to use.

<h3>Microsoft Excel formatting tools.</h3>

Microsoft Excel is known as the software program that is used for analytical and mathematical modeling and operation.

To be able to create good analysis and operational results from Microsoft Excel, one would need to use the right element.

Generally, when a user needs to copy a cell's formatting to another cell, a <u>Format Painter</u> is applied after selecting the cell or range.

Hence, in this case, it is concluded that the correct answer is <u>Format Painter</u>.

Learn more about Format Painter here: brainly.com/question/10869688

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1 year ago