COMPLETE PROBLEM
Lana, a ten-year-old child, is run over by a car negligently driven by Mitchell. Lana, at the time of the accident, was acting reasonably and without negligence. Clark, a newspaper reporter, photographs Lana while she is lying in the street in great pain. Two years later, Perry, the publisher of a newspaper, prints Clark's picture of Lana in his newspaper as a lead to an article concerning the negligence of children. The caption under the picture reads: "They ask to be killed." Lana, who has recovered from the accident, brings suit against Clark and Perry. What result? Explain.
Explanation:
Judgement for Lana against Perry but not against Clark. The facts make out a case against Perry for the tort of invasion of privacy in particular placing another in a false light (INVASION OF PRIVACY:FALSE LIGHT). Section 652E of the restatement imposes liability for publicity which places another in a false light. It is unlikely that Perry could utilize the first amendment as a defense because Lana was neither a public official nor a public figure. Even if that defense were available, it is forfeited if Perry acted with "malice", which appears to be the case here because Perry acted in reckless disregard of the truth. Clark did not commit the tort of intrusion because he photographed an event that occurred in public.
Answer:
a.
Cash $4,500 (debit)
Deferred Revenue $4,500 (credit)
b.
Prepaid Advertising $2,700 (debit)
Cash $2,700 (credit)
c.
Salaries Expense $8,000 (debit)
Salaries Accrued $8,000 (credit)
d.
J1
Cash $70,000 (debit)
Note Payable $70,000 (credit)
J2
Interest Expense $2,100 (debit)
Note Payable $2,100 (credit)
Explanation:
a.
Recognize Cash and Deferred Revenue
b.
Recognize Asset - Prepaid Advertising and De-recognize Cash
c.
Recognize Salaries Expense and Recognize Salaries Accrued Liability
d.
J1
Recognize Cash Asset and Recognize Liability - Note Payable
J2
Recognize Interest income accrued on the Note Payable during September to December.
Answer:
c. $1,900
Explanation:
As for the information provided, we have:
Retained Earnings opening balance = $2,500
Current year loss = $200
Balance of retained earnings after this = $2,500 - $200 = $2,300
Now, dividends are provided which shall be paid from retained earnings only.
Cash dividends are the one paid in cash.
Stock dividends are the ones which are paid by issue extra shares from retained earnings.
Thus, both are deductible from retained earnings.
Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.
Answer:
forgo interest = $30
interest = $75
Explanation:
given data
annual interest = 2%
current balance = $4,500
borrow = $1,500
annual interest rate = 5 percent
to find out
how much interest would she forgo and how much will she pay in interest
solution
first we get here Forgo interest that is here
forgo interest = withdrawal amount × interest rate ..........................1
put here value we get
forgo interest = $1500 × 2%
forgo interest = $30
and
now w get here pay in interest that is
interest = amount borrow × interest rate ..........................2
put here value we get
interest = $1500 × 5%
interest = $75
It is penetration pricing that is illegal in the United States and many other countries<span>. So B is the correct answer</span>