Answer: Mutual mistake
Explanation:
A mutual mistake in a contract is a situation that arises when the parties in a contract make the same mistake in reference to a significant fact in the contract. i.e., they are mutually ignorant of a fact of the contract.
Had they both known about that mistake, they might not have gone into the contract so the contract is voidable in this scenario.
Both Walker and Sheerwood were mutually mistaken about the fact that Rose was pregnant when they went into the contract so this contract is voidable by this theory.
When comparing a retail business to a service business, the financial statement that changes the most is the b.balance sheet.
The income declaration, stability sheet, and declaration of cash flows are required financial statements. These 3 statements are informative gear that buyers can use to analyze an employer's economic electricity and provide a brief photograph of an organization's economic health and underlying value.
Monetary statements are formal information on the economic activities and position of an enterprise, individual, or other entity. Applicable financial facts are presented in a structured way and in a shape that is simple to recognize.
Economic statements are written records that convey the commercial enterprise sports and the financial performance of an organization. Monetary statements are regularly audited by using authority groups, accountants, corporations, and so forth. to ensure accuracy and for tax, financing, or making investment purposes.
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Answer:
The correct answer is: D) unreasonable demands
Explanation:
These are contradictory demands, whether, in themselves, they require the fulfillment of two or more contradictory or inconsistent conditions with each other, whether it is what the person who generates an internal conflict demands, the foreign demand being to go against its own essence, while the other pole is fidelity to it.
In these cases, the irrationality of the demand does not fall on the capacities, but on the being itself. In addition, its origin is always in the environment of the person.
Answer: B Administrative delays
Explanation:
Administrative delay means: any Governmental Entity’s failure to act within a reasonable time, in keeping with standard practices for such Governmental Entity, or within the time contemplated in the Interagency Cooperation Agreement, the Planning Cooperation Agreement, any of the Land Acquisition Agreements, the Tax Allocation Agreement, any Acquisition and Reimbursement Agreement.
Answer:
$2,100
Explanation:
Particulars Fair market value Basis Differences
Inventory $60,000 $30,000 $30,000
Account receivables $40,000 $40,000 $0
Equipment $60,000 $80,000 <u> ($20,000)</u>
Taxable gain $10,000
Tax rate <u> 21% </u>
Built in gains tax <u>$2,100 </u>
So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.
