Answer:
The correct answer is Once the counteroffer is made by the seller, the buyer's original offer becomes invalid. If the buyers accepts the offer the seller has made, the same process takes place as with a regular offer.
Explanation:
Buying a house is rarely as simple as bidding and paying for that offer. Negotiations can come and go for weeks before the seller and the buyer are satisfied.
The vehicle for this negotiation is the counter offer, a vital and complex rejection and contrary to an offer made by either party. Counter offers are typically handled between real estate agents and are time sensitive.
Selling or buying a house is more a process than a transaction, so it is important to understand the counter offers before making your first offer.
Answer:
A) Dr Supplies Expense $2,600
Cr Supplies $ 2,600
Explanation:
The supplies account had an opening balance of $ 2400. Purchases were made of $ 3000 so the total debit balance was $ 5400. The year end showed a debit balance of $ 2800.
So $ 5400- $ 2800= $ 2600 Supplies were used and credited .
An expense account would be used to show this so
Supplies Expense is debited with $ 2600 and
Supplies Account is credited with $ 2600 showing a net debit balance of $ 2800 at the end of the year.
When I get a job and so you will have money set aside for when the government comes and takes everything you own.
Answer:
An S corporation.
Explanation:
The S corporation was formed by Congress, for use by small business owners, offering the best characteristics of both a C corporation and a partnership.
It has become the most popular business entity type in recent years. Numerous studies indicate lower overall taxes are paid when an S corporation is utilized.
Common Characteristics of S and C Corps:
-Same liability protection
-Separate legal entities
-The owners are shareholders
-Long standing case law
-Easy transfer of ownership
-Broader range of deductible expenses
