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mixas84 [53]
3 years ago
6

When one party breaches a contract, the other party can choose from one or more of several_____________ . Generally, a court wil

l grant money, a remedy at___________ , unless money is not sufficient. If that is the case, the court will grant a remedy in____________ .
Business
1 answer:
SCORPION-xisa [38]3 years ago
4 0

Answer: remedies, law, equity

Explanation: When one party breaches a contract, the other party can choose from one or more of several remedies. Generally, a court will grant money, a remedy at law , unless money is not sufficient. If that is the case, the court will grant a remedy in equity .

Remedies at law are limited to payments of money or property as damages, furthermore, remedy at law enforces a right, imposes a penalty, or makes another court order to impose its will in order to compensate for the harm of a wrongful act inflicted upon. while Remedies in equity is available only when there is no adequate remedy at law.

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In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $
ella [17]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

5 0
3 years ago
What is the depreciation tax shield if EBIT is $600, depreciation is $1,800, and the tax rate is 30 percent
eduard

The depreciation tax shield based on the EBIT, the tax rate and the depreciation is $540.

<h3>How do you find the depreciation tax shield?</h3>

This can be found as:

= Depreciation x Tax rate

Solving gives:

= 1,800 x 30%

= $540

Find out more on the depreciation tax shield at brainly.com/question/24192125.

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5 0
2 years ago
Does audit service needed in Auchi polytechnic student union government of yes why
ladessa [460]

Yes audit service is needed in the Union government of this school called Auchi polytechnic.

<h3>What is audit?</h3>

This is the term that is used to refer to the official inspection that is done into the accounts of an organization of which this Union can be grouped under.

It helps to verify and also check the financial information of the entity. The reason why the audit is needed is because it would help to expose issues that may have to do with misappropriation of funds by the union.

It would also helps to tell the school if the financial report that the union makes is the same as the financial reflection of the Union at a particular point in time.

Read more on audit here:

brainly.com/question/7890421

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7 0
1 year ago
When you're single, it's important to have an ________
Sliva [168]
It’s important to have a best friend
6 0
3 years ago
Read 2 more answers
What economic method is often used to guide policy makers in making pollution regulations?
Fiesta28 [93]
<span>Determining point of diminishing returns, that is when the policy makers are getting less back than what they put into the programs. This is the most often used economic method by policy makers when they make pollution regulations.</span>
8 0
3 years ago
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