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3 years ago

If you want to prevent any disputes about the application of the parol evidence rule, what should you do?

Business

2 answers:

german3 years ago

5 0

Answer:

Make sure terms are included in a written contract.

Explanation: The parol evidence rule is mainly used to prevent a party from introducing and evidence oral or written that has occurred before or while the agreement was being concluded to its final form. It helps protect and safeguard the terms of an agreed contract. It's essential to make sure both parties are okay with the terms of the contract.

Scilla [17]3 years ago

3 0

Answer:

Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.

Cheers!

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The cash account of Aguilar Co. showed a ledger balance of $3,969.85 on June 30, 2020. The bank statement as of that date showed

Mars2501 [29]

Answer:

a) bank account reconciliation

bank account balance $4,150

+ deposits in transit $3,390

<u>- outstanding checks ($2,136.05)</u>

reconciled account $5,403.95

cash account reconciliation

cash account balance $3,969.85

- bank fees ($25)

+ note collected (including interest) $1,236

- bank fees for collecting note ($5.50)

- NSF check ($253.20)

- error in processing customer's check $30

- error in processing check no. 742 ($72)

<u>+ error in processing check no. 747 $523.80</u>

reconciled account $5,403.95

b) adjusting entries

1. Dr Bank fees expense 25

Cr Cash 25

2. Dr Cash 1,230.50

Dr Bank fees 5.50

Cr Notes receivable 1,200

Cr Interest revenue 36

3. and 4. no adjusting entry required

5. Dr Accounts receivable 253.20

Cr Cash 253.20

6. Dr Cash 30

Cr Accounts receivable 30

7. Dr Accounts payable 451.80

Cr Cash 451.80

7 0

3 years ago

In the context of group decision making, which of the following is a difference between the nominal group technique (NGT) and th

Anit [1.1K]

Unlike the NGT, the Delphi technique involves creating a series of open-ended questions for group members.

Explanation:

An open-ended query is not replied by a "yes" or "no" answer or by a set answer. Questions open to the public are presented as a declaration requesting a response. The solution is equivalent to knowledge that the questioner is already acquainted with.

Types of open-ended questions:

Tell me your supervisory partnership.
How do you look forward to the future?
In this photograph, tell me about the children What's the government's purpose?
Why have you selected the reply?

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3 years ago

Tiny Corporation shows a balance in the unearned revenue account of $1,200 at the end of the month. It is determined that $500 o

Thepotemich [5.8K]

Answer: The adjusting entry is to DR Unearned Revenue Account with $700 and CR Earned Revenue Account with $700.

Explanation:

A reduction in the unearned revenue account implies that a portion of the unearned revenue has been earned.

Unearned revenue account is a liability account that warehouses revenue paid for but yet to be earned. A reduction in the liability means an income has been earned and recognised.

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3 years ago

The Federal Reserve is the central bank of _____. Sweden the United States the European Union

Aloiza [94]

It is the central bank of the United States

6 0

3 years ago

Read 2 more answers

On the end-of-period spreadsheet, Accumulated Depreciation has a balance of $600 in the Unadjusted Trial Balance column and an a

Burka [1]

Answer:

A credit of $800

Explanation:

Accumulated depreciation is the total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

The accumulated depreciation account is an asset account with a credit balance which means that it is presented on the balance sheet as a reduction from the original cost of fixed assets.

As the accumulated depreciation has unadjusted credit balance of $600, any adjustment in credit column of $200 will make its total to $800 ($600+ $200).

The original cost of the asset less the amount of accumulated depreciation and any impairment is known as its carrying amount.

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3 years ago