The Subdivided Lands Act disclosure requirements apply to (B) any subdivider working with or for the property owner.
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What is the Subdivided Lands Act?</h3>
- The Subdivided Lands Act is largely a consumer protection statute designed to ensure proper disclosures are made.
- The California Department of Real Estate interprets and enforces the Subdivided Lands Act, which governs public offerings of land in subdivisions for sale or lease.
- The disclosure requirements of the Subdivided Lands Act apply to any subdivider who works with or for the property owner.
- The Subdivided Lands Act was enacted to safeguard purchasers of property in new subdivisions from fraud or misrepresentation when purchasing subdivided land.
Therefore, the Subdivided Lands Act disclosure requirements apply to (B) any subdivider working with or for the property owner.
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The complete question is given below:
The Subdivided Lands Act disclosure requirements apply to:
(A) any lender of a subdivision.
(B) any subdivider working with or for the property owner.
(C) the purchaser of the subdivided land.
(D) any licensee acting as a buyer's agent for a principal purchasing in a subdivision
Answer:
The amount of the projected benefit obligation at December 31 was $ 38.34 million
Explanation:
According to the given data, we have the following:
Beginning PBO= $29.4 million
Service cost= $9.4 million
The actuary's discount rate was 10%, hence Interest cost (10% x $29.4 million)= $2.94 million
Also, there is a Loss (gain) on PBO=$0
, and pension benefits paid by the trustee were $3.4 million.
Therefore, to calculate the amount of the projected benefit obligation at December 31 we would have to use the following formula:
Ending PBO=Beginning PBO+Service cost+Interest cost-pension benefits
=$29.4 million+$9.4 million+$2.94-$3.4 million
=$38.34 million
Answer: Total amount of goods produced/Time of Production = Cycle time.
Explanation: production cycle is generally understood as the period of time during which a company produces a finished product from its stocks, then the reduction of this period of time, especially in comparison with competitors, is an important indicator to determine economic efficiency.
Answer and Explanation:
The Journal entry is shown below:-
a. Bad Debt Expense Dr, $36,800 ($40,000 – $3,200)
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
b. Bad Debt Expense Dr, $40,730 ($40,000 + $730)
To Allowance for Doubtful Accounts $40,730
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
