Answer:
c) the condition subsequent has occurred;
Explanation:
Since in the question it is given that the John and his wife Martha get a divorce and according to the divorce settlement contract she agrees to pay the alimony to John for $5,000 per month for his lifetime or until that time when he should remarry
If John remarries after three years, so the alimony benefits is ceased because the subsequent condition has occurred due to which he will not get the amount further in the future
Answer:
B. $140,000
Explanation:
An adjusted basis refers to the total cost of acquiring an asset. In include transportation, installing, commissions, and all other relevant fees. The fair market value represents the price an asset can fetch if sold in the market. It is the amount that a company will receive if it were to dispose of an asset in the market.
Shareholders will be the fair market value adjusted for the mortgage balance.
=$ 230,000 - $ 90,000
=$140,000
The correct answer to your question is : <span>A law is passed whereby a mandatory retirement age of 60 is imposed</span>
Answer:
$138.63
Explanation:
I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63
Accountants usually organize the accounting information on a <u>worksheet </u>when they prepare adjusting and closing entries and the financial statements.
<h3>What is a worksheet?</h3>
A worksheet is a piece of paper used for performing tasks. It can also refer to an Excel sheet. Thus, a worksheet simply means a working paper.
Thus, the informal tool that can be used to organize the accounting information for the preparation of adjusting and closing entries and the financial statements is <u>a worksheet</u>.
Learn more about the worksheet at brainly.com/question/11892503
