Answer:
First blank - Debit
Second blank - Accumulated Depreciation
Hope this Helps!
Answer: Option A , B , C , D ,
Explanation:
A. As from the perspective of corporate law, the owners and company are two different entities thus the company itself is liable for its debt. Hence, It is true.
B. The basic characteristic of a corporate entity is that it has perpetual existence, thus, it has a continuous life. Hence, It is true.
C. Usually a corporate entity has one director for all of its major operations to control business activities of that department. Hence, It is true.
D. The ownership rights of corporate entities trade in share market in form of common stocks and can be sold or purchased easily. Hence, it is true.
Answer:
PV=148135,68
Explanation:
PV Present Value
CF Cash Flow
r the periodic rate of return
n Number of periods
PV= CF/(1+r)n
PV= 176000/(1+9%)2
PV=148135,68
Answer:
In the clarification segment below, the definition including its concern is mentioned.
Explanation:
The following definition of a contract is:
"A purchase contract is a legitimate contract. These are meant to sell or purchase goods as well as products services again for purpose of trading a commodity or service. For a negotiated (price) compensation or sum of money received or offered to pay.
"Legally, void requires not contractual."
Voidable becomes a contract or action that is legitimate but may be canceled in the contract by either of several parties.
"A contract constitutionally binding upon the sides being valid and binding."
The following are the most important integration strategy:
- <u>Void</u>: Verbal deal involving Jerry, a prospective buyer who planned to buy a project runway Corvette but expired of a heart condition-Void as when the deal was verbal even though there was no thought or money transfer. Besides, financial agreements and billing information have not yet been developed.
- <u>Voidable</u>: If the boy wishes to break the deal, a contract for a young boy obtaining a Chevy besides $5000 remains voidable because he's under the age of eighteen years, he is not technically permitted to agree as well as the contract becomes voidable.
- <u>Voidable</u>: The circumstance of a lady buying a property (car), and therefore by suggesting that she took too long to make a choice, you forced her to start making decisions. She sells the car and advises you that she has psychosis become voidable if you have influenced her and therefore can sign court papers, although, in this situation, the seller manipulated her to make those decisions and therefore can argue that the seller forced her.
False.
Asset are things you own, Debts are things you owe.
Hope that Helps :3
