Answer:
D) Both the landowner and the attorney.
Explanation:
The bank will succeed in obtaining a judgement against both the former landowner and the attorney. The bank can sue either of them or both of them, but it can only collect the $5,000 once.
- When the attorney assumed the mortgage, he expressly promised to pay it. The lender becomes a third party beneficiary of the attorney's promise to pay and can sue him if the mortgage isn't paid.
- The former landowner became secondarily liable to the lender in case the attorney didn't pay.
Answer: In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Taxes fund public libraries and parks. Taxes are also used to fund many types of government programs that help the poor and less fortunate, as well as many schools! Taxes are important to federal, state, and local governments. They are the primary source of revenue for the corresponding level of government and fund the activities of the governmental entity.
Explanation:
Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2017, in exchange for $6,059,500 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias’s stockholders’ equity was $2,045,000 including retained earnings of $1,545,000
Answer:
The answer is $762
Explanation:
Without doubt the 140 units on hand at month end would comprises of:
100 bought units on 1/28/13 for $5.50 each $550
40 units purchased on 1/15/13 $5.30 each $212
Total value of closing inventory $762
The value of closing inventory at the end of the month using FIFO method of valuing inventory is $762
FIFO First In First Out method assumes that the first sets of stock purchased are sold first which is in sharp contrast with LIFO Last In First Out where the last sets of inventory are assumed to be sold first.
However, the LIFO method tends to overvalue inventory in a period of rising inflation
False. Performance ambiguity lowers the cost of control.
Performance ambiguity comes about when the cause of a persons poor performance is not clear. Since this happens due to unclear reasons, it does not lower the cost of control. Performance ambiguity is usually found within international companies and transnational firms. These types of companies are located in many different countries.
