Answer:
The correct answer is letter "B": Total assets.
Explanation:
Total assets refer to the total of assets a business has and from where the institution can obtain a profit. Common assets are cash, accounts receivable, inventory, and intangible assets to mention a few. Assets can be recorded at market value according to the<em> International Financial Reporting Standards </em>(IFRS) but not following the <em>Generally Accepted Accounting Principle</em> (GAAP).
<em>Total assets are recorded on the Company's Balance Sheet and are the default base item for Income Statements.</em>
Requiring a signed contract prior to acquisition of assets is an example of a high-level business policy
<u>Explanation:
</u>
An asset purchase agreement (APA) is an understanding between a purchaser and a dealer that finishes terms and conditions identified with the buy and closeout of an organization's advantages.
It's essential to note in an APA exchange, it isn't fundamental for the purchaser to buy the entirety of the advantages of the organization. Truth be told, it's basic for a purchaser to bar certain benefits in an APA.
Arrangements of an APA may incorporate installment of price tag, regularly scheduled payments, liens and encumbrances on the benefits, condition point of reference for the end, and so on.
An APA contrasts from a stock buy understanding (SPA) where organization shares, title to resources, and title to liabilities are likewise sold. In an APA, the purchaser must choose explicit resources and keep away from repetitive resources.
These benefits are organized in a timetable to the APA. The purchaser in a SPA is acquiring portions of the organization. For this situation, order isn't essential because of move of organization's possession happens in its present condition. The APA is the lawful system for executing a corporate merger or obtaining.
The oil and gas industry doesn't recognize a benefit and stock buy in naming its related buy understanding. In this industry, in the case of buying resources or stock, the conclusive understanding is alluded to as the Purchase and Sale Agreement (PSA).
Answer:
The tax consequences to Comet because of the stock redemption would be a reduction of $40,000 in E&P because of the exchange.
Explanation:
According to the given data we can conclude that the tax consequences to Comet because of the stock redemption would be Reduction of E& P due to exchange. In order to calculate the amount of Reduction we would have to make the following calculation:
Reduction of E& P due to exchange=Total E&P*Total voting Right Sold
According to the given data we have the following:
Total E&P=Comet has total E&P of $160,000
Total voting Right Sold=shares redeem by comet/shares by Pat+shares by Pam
Total voting Right Sold=50/ (100+100)
Total voting Right Sold=25%
Therefore, Reduction of E& P due to exchange=$160,000*25%
Reduction of E& P due to exchange=$40,000
The tax consequences to Comet because of the stock redemption would be a reduction of $40,000 in E&P because of the exchange.
Available Options:
a. an expired contract when Neil said that he had changed his mind.
b. a bilateral contract when Neil said that he would pay for certain work.
c. a unilateral contract as soon as Outdoor began to perform.
d. no contract.
Answer:
Option C. A unilateral contract as soon as Outdoor began to perform.
Explanation:
In a unilateral contract, the acceptance of the contract is only based on the performing of the contract.
The term of the offer includes that the acceptance would be considered if the other party completes the contract which in this case, we can see that the Outdoor Inc has started performing the contract and by the end of Friday, would probably finish its task. If Neil breaches the contract here, then he would be liable to compensate Outdoor as the contract was unilateral.
Six Steps In Developing Your Brand's Marketing Message
1. Understand your brand and communication strategy
2. Understand your resources
3. Identify goals
4. Identify specific tactics
5. Execute tactics
6. Measure & refine