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klasskru [66]
3 years ago
14

Three people have identical rights but unequal shares in a property, share an indivisible interest, and may sell or transfer the

ir interest without consent of the others.
What type of ownership is this?
Business
1 answer:
Softa [21]3 years ago
8 0

Answer:

joint tenancy

Explanation:

joint tenancy is the coming together of two or more persons for the purpose of owning a property. they have identical rights, unequal shares in a property, share an indivisible interest

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An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit
Ne4ueva [31]

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$60,030.54

Explanation:

5 0
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When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
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Answer:

c

Explanation:

lie is not the right term to use in this situation because the salesperson didn't really lie its more of he left some facts about the expensive converter box which is best expressed as omission

4 0
3 years ago
Assume a $1,000 Treasury inflation-protected bond has a 2 percent coupon and a face value at issuance of $1,000. The reference C
Oksana_A [137]

Answer:

The bond has a 2 percent coupon and a face value at issuance of $1000 which is the same with the Treasury inflation-protected bond. However, the reference Consumer Price Index (CPI)  which is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services has increased from 202.34 to 203.18. From this deduction, what I know for certain about this bond is that the interest payment have increased and the coupon rate is still 2 percent.

6 0
3 years ago
Veruca sells therapeutic bath salts on the Internet. Her annual revenue is​ $52,000 per​ year, the explicit costs of her busines
koban [17]

Answer:

D. ​$38,000

Explanation:

The formula to compute the accounting profit is shown below:

Accounting profit = Annual revenue - Explicit cost

                             = $52,000 - $14,000

                             = $38,000

It shows a relationship between the annual revenue and the explicit cost. The difference between these two is known as accounting profit.

8 0
3 years ago
Presented below are two independent situations.Gambino Cosmetics acquired 10% of the 200,000 shares of common stock of Nevins Fa
VLD [36.1K]

Answer:

See the explanation below

Explanation:

(a) Gambino Cosmetics

Since Gambino Cosmetics just 15% which is less than 20% of Nevins Fashion, the cost method for accounting for investments is the relevant method that is used as follows:

Stock investment = 10% * 200,000 * $13 = $260,000

Dividend income = 10% * $60,000 = $6,000

Available-for-sale (AFS) reserve = 10% * $122,000 = $12,000

<u> Date                       Details                              Dr ($)               Cr ($)          </u>

08 Mar. ‘15           Stock investments           260,000

                             Cash                                                      260,000

<em><u>                              To record investment in Nevins Fashion                      </u></em>

30 Jun. ‘15           Cash                                      6,000

                            Dividend income                                         6,000

<em><u>                             To record dividend income from investment in Nevins Fashion </u></em>

31 Dec. ’15           Stock investments              12,000

                            AFS Reserve                                               12,000

 <u><em>                           To record share of income in Nevins Fashion              </em></u>

(b) Kanza, Inc.,

Since Kanza, Inc. acquired 40% in Rogan Corporation which is greater than 20%, the equity method for accounting for investments is the relevant method that is used as follows:

Stock investment = 40% * 30,000 * $9 = $108,000

Dividend income = 40% * $30,000 = $12,000

Investment revenue = 40% * $80,000 = $32,000

<u>Date                       Details                         Dr ($)                      Cr ($)         </u>

01 Jan. ‘15           Stock investments        108,000

                            Cash                                                           108,000

<em><u>                             To record investment in Rogan Corporation                   </u></em>

15 Jun. ‘15           Cash                                12,000

                           Stock investment                                         12,000

                           <em><u>To record dividend received from investment in Rogan Corporation </u></em>

31 Dec. ’15           Stock investments          32,000

                            Investment revenue                                  32,000

<em><u>                            To record share of income in Rogan Corporation           </u></em>

8 0
3 years ago
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