Answer:
the transfer disclosure statement is limited to information that the seller has, while the natural hazards disclosure requires additional research
Explanation:
Both of these statements are prepared by the seller. The transfer disclosure statement has requirement for just declaration of obvious latent defects. It is limited to information that the seller has, while the natural hazards disclosure statement requires divulging if the property is in a zone known to be risky based on government maps. Therefore it requires additional research.
Answer:
Firms have no incentive to change how much they produce.
Explanation:
Answer:
b. Cash 500 Accounts Receivable 500
Explanation:
This entry is needed for the settlement of account-based services offered to customers. As a result, we credit Accounts Receivable by $500 for payments obtained from customers that were already billed for those services.
So, Journal entry will be as follows,
Cash A/c Dr. 500
To, Accounts Receivable A/c 500
Hence, option b is the correct answer.
Answer:
A) Accrual principle
B) Cost principle
C) Economic entity principle
Explanation:
Accrual principle: indicates that accounting transactions should be recorded in the accounting periods when they actually occur, rather than in the periods when there are cash flows associated with them.
Cost principle: according to this concept, a business should only record its assets, liabilities, and equity investments at their original purchase costs.
Economic entity principle: implies that the transactions of a business should be kept separate from those of its owners and other businesses.
Answer:
The answer is: A) Destiny did not state a claim for which relief can be granted.
Explanation:
A motion to dismiss is a request made by a party involved a court case (usually the defendant) that seeks to make the court dismiss the case. It can be filed on a variety of grounds based on legal deficiencies. One of the common grounds for filing a motion to dismiss is:
- Failure to State a Claim for Which Relief Can Be Granted: A plaintiff must comply with several requirements in order to file a complaint, including a valid cause of action. A motion to dismiss may be granted if the plaintiff fails to adequately allege all of the elements of the claim or if the complaint fails to allege a measurable injury.