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podryga [215]
2 years ago
6

a tree on a property is real property while rooted in the soil. when the tree is cut down, it becomes personal property. this is

an example of: select one: a. conversion. b. severance. c. appropriation. d. reassessment.
Business
1 answer:
Sveta_85 [38]2 years ago
5 0

A tree on a property is real property while rooted in the soil. when the tree is cut down, it becomes personal property. this is an example of severance.

Severance is the act of removing something connected to land. as an example, a farm fence, which is classed as actual property, becomes personal property (rolls of wire and posts) when it is taken down (when it is severed from the land).

Some task hunters can also know a way to negotiate revenue and benefits whilst they're hired, but they may now not recognise they are able to negotiate such capabilities after they go away from an corporation. Most employers provide a severance agreement that outlines the monetary phrases on which the employee will go away the company. Negotiating a suitable agreement includes considering how to conduct yourself during discussions with the agency, the coins and blessings you need to live on, and whether or not to hire legal help.

Learn more about severance here:-

brainly.com/question/14395584

#SPJ4

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Sanctions that specifically target leaders of a country and not citizens are known as:
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Answer:  "smart sanctions" .
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When Greenbelt Construction company began building houses in a large subdivision with many other builders, the company priced it
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3 years ago
Michek Company loans Sarasota Company $2,000,000 at 6% for 3 years on January 1, 2020. Michek intends to hold this loan to matur
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Michek Company's Journal Entries related to loans to Sarasota Company are as follows:

a) Journal Entries without using fair value option:

December 31, 2020:

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

December 31, 2022:

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

b) Journal Entries with fair value option

December 31, 2020:

Debit Loan Receivable $50,000

Credit Unrealized Gain from Fair Value $50,000

  • To record the fair value of the loan.

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

December 31, 2022:

Debit Unrealized Loss from Fair Value $20,000

Credit Loan Receivable $20,000

  • To record the fair value of the loan.

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

  • To record the 6% interest due on January 1.

Data and Calculations:

January 1, 2020, amount of loan = $2,000,000

Interest rate = 6%

Period of loan = 3 years

December 31,                   2020           2021           2022

Fair value of loan   $2,050,000   2,020,000   2,000,000

Interest income         $120,000     $120,000     $120,000 ($2,000,000 x 6%)

Payment of interest = January 1

December 31, 2021:

Debit Unrealized Loss from Fair Value $30,000

Credit Loan Receivable $30,000

Debit Interest Receivable $120,000

Credit Interest Revenue $120,000

Thus, the Loan Receivable account's balance at December 31 each year varies only when using the fair value option.

Learn more: brainly.com/question/13212872

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Answer:

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Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

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