Talbot Riding Stables provides stables, care for animals, and grounds for riding and showing horses. The account balances at the
beginning of 2018 were: Problem Set B Enlarge Image During 2018, the following transactions occurred: Talbot provided animal care services, all on credit, for $210,300. Talbot rented stables to customers for $20,500 cash. Talbot rented its grounds to individual riders, groups, and show organizations for $41,800 cash.
There remains $15,600 of accounts receivable to be collected at December 31, 2018.
Feed in the amount of $62,900 was purchased on credit and debited to the supplies account.
Straw was purchased for $7,400 cash and debited to the supplies account.
Wages payable at the beginning of 2018 were paid early in 2018. Wages were earned and paid during 2018 in the amount of $112,000.
The income tax payable at the beginning of 2018 was paid early in 2018. Payments of $73,000 were made to creditors for supplies previously purchased on credit. One year's interest at 9% was paid on the notes payable on July 1, 2018. During 2018, Jon Talbot, a principal shareholder, purchased a horse for his wife, Jennifer, to ride. The horse cost $7,000, and Talbot used his personal credit to purchase it. Property taxes were paid on the land and buildings in the amount of $17,000. Dividends were declared and paid in the amount of $7,200. The following data are available for adjusting entries: Supplies (feed and straw) in the amount of $30,400 remained unused at year-end. Annual depreciation on the buildings is $6,000. Annual depreciation on the equipment is $5,500. Wages of $4,000 were unrecorded and unpaid at year-end. Interest for six months at 9% per year on the note is unpaid and unrecorded at year-end. Income taxes of $16,500 were unpaid and unrecorded at year-end.
The only action that cannot be take is the corporation can file a lawsuit against her.
c. the corporation can file a lawsuit against her.
Here Arianna cannot file a lawsuit against the compnay because the company is not at fault but Arianna is. She committed an Ultra Vires act and hence cannot file a lawsuit against the company for a reimbursement. The company didn't had any idea about her actions and she didn't inform.
The key is to have the documentation demonstrating the individual was liable for the damage or harms that happened. Along these lines, truly, you can truly sue for about any explanation if your case meets the best possible criteria.
Starting a business from scratch is difficult because you never know what will be the outcome of your business. There are lots of competitors in the business world that you need to overcome in order for your business to be successful. You need to think of a better strategy to make your business stay longer and bountiful. There will be sacrifices to be made in order for your business to be successful. You need hard work, effort, perseverance, patience, and sacrifice to survive the difficulties in starting a business.
1. As they will come to know the use and the safety given by the device they will show eagerness to install their fire-prevent sprinkler system. 2. This may affect their neighbors as Bob is well aware of the fire. So they should also show awareness...