Answer:
A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.
Answer:1). Finance lease. 2). Operating Lease. 3). Operating Lease
Explanation: A lease is contract by which one party conveys a property to another for a specified term. The two common types of Lease are Finance Lease and Operating lease.
A Finance Lease is a method of financing assets where the asset remains the property of the finance company that hires them and the lessee pays for the hire of the asset. Here, there is an option to purchase the asset.
An Operating Lease on the otherhand is a lease where the risk and return remains with the Lessor.
Answer:
Planning can be defined as the process of selecting a future course of action. Decision-making defined as the process of selecting a course of action from the alternatives.
Explanation:
Answer:
A) Debit retained earnings and credit inventory for $2 million
Explanation:
Since Robinson's inventory was overstated by $2 million (= $22 million - $20 million) because of the previous inventory method (FIFO), when the new method, average cost, starts to be used the inventory must decrease by $2 million and retained earnings as well.
Retained earnings is an equity account and it decreases, therefore it should be debited.
Inventory is an asset account and it decreases, therefore it should be credited.
Marketing refers to the relationship between consumers and business.