X-4x+7=5x-x-21
x-9x+7=-x-21
-8x+7=-x-21
-7x+7=-21
-7x=-28
x=4
Answer: See explanation
Explanation:
a. Terry was in the hardware store business and did not acquire the two hardware stores.
The amount that Terry will deduct in 2020 will be $52000 which is the deduction for all expenses.
b. Terry was in the hardware store business and acquired the two hardware stores and began operating them on October 1, 2020.
In this case, he'll also deduct $52000 which is the deduction for all expenses.
c. Terry did not acquire the two hardware stores and was not in the hardware store business.
None of his expenses will be deducted. The amount it be deducted is 0.
Answer:
Option A
Explanation:
A Novation is a form of contract in which the original contract is substituted by a replacement contract where by the new party agrees to accept all the debts to be paid as a part of the original contract.
In other way the original contracting party give all the rights and obligations to the new party
Hence, Option A is correct
Answer: Liquidation value
Explanation:
The liquidation value is one of the type of physical assets of an organization and the business value, real estate firms, directories and the equipment are refers as the liquidation value that helps in evaluating the overall worth of the firm.
This organizational value is lower as compared to the market value and it has less time for selling the products in the open market.
According to the given question, the liquidation value is refers as the actual amount of the stockholder expected value value in the market. Therefore, Liquidation value is the correct answer.
