Answer:
Honestly, Bill Can not sue Tom
Explanation:
Firstly I don't know the contractual agreement between Tom and Bill, but based on the fact that Tom informed Bill of the latest happenings as regards the umbrella,
Hence Bill is well Informed.
Now Bill tested his umbrella and they were OK, it doesn't rule out the fact and the possibility of 14 out 100 to be bad, this can be in a form of factory error.
Answer and Explanation:
The journal entry is given below:
Stock dividends Dr $60.00
To Common stock $60.00
(Being the issue of stock dividend is recorded)
Here the stock dividend is debited as it reduced the stockholder equity and credited the common stock as it increased the stockholder equity
Also the par per share after the split is $1
You like to convince people do what you want for the benefit of everyone.
Answer:
$7,000
Explanation:
the partnership's net income = $160,000 - $100,000 - $24,000 - $28,000 = $8,000
since net income is divided equally among the 4 partners, then each partner is allocated $2,000
Kellie's capital account = $5,000 + $2,000 (her share of profits) = $7,000
if she withdraws more than $7,000, then she should report a gain in excess of basis
The current ratio for Vito Co. with respect to the period under review is 1.5
<h3>What is current ratio?</h3>
The current ratio, also known as the working capital ratio, measures the capability of a business to be able to meet its short term financial obligations.
The Current Ratio formula is
= Current Assets / Current Liabilities
= $9,000 / $6,000
= 1.5
Therefore, the current ratio for Vito Co. with respect to the period under review is 1.5
Learn more about current ratio here: https://brainly.in/question/45000916