Answer:
An easement in gross is an easement that benefits an individual or a legal entity, rather than a dominant estate.
Explanation:
Any easement that benefits an individual or a legal entity, rather than a dominant estate is referred to as easement in gross.
Answer:
d. Work-in-Process Inventory: Department no. 2.
Explanation:
The profuct is Transferred from Department 1 to Department 2. The cost in in the work in process of Department 1 which will be trasnferred to next department.
Following Journal entries will be recorded for this event.
Dr. Cr.
Work-in-Process Inventory: Department no. 2. xxx
Work-in-Process Inventory: Department no. 1 xxx
A place by which an average viewer is likely to be exposed
to an avant-garde cinema or at least its influence is in commercials. Commercials
are defined as something that is being showed or viewed in radio advertisement or
television by which it emphasizes a message that can be done through acting or
any sort of activity that promotes something.
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Answer:
The increase in earnings is $136511.56
Explanation:
Since the lease is a sale type of lease,it means that as soon as the machinery is delivered to the lessee,profit should be recognized on the lease transaction,which is computed below:
Profit on lease=present value of lease payments-costs
=$274149-$156000
=$118149
However,every six months interest is charged on the lease,which clearly indicates another source of earnings,the interest in the first six months is given below:
Interest=($274149-$44617)*8%
=$18362.56
Please note that interest is charged after lease payment as lease payment is made in advance not in arrears.
Conclusively, the increase in earnings is $118149+$18362.56
That is $136511.56
