Answer:
C) Drawer
Explanation:
A drawer is an individual or institution that issues and signs a bill of exchange instructing a bank or drawee to pay the specified amount to the payee. The drawer is the person who writes and signs a cheque to a third party or payee. In a situation where the cheque is to pay oneself, the drawer is the same as the payee.
Rover and Associates is the drawer. The law firm issues the cheques instructing Portris Bank to pay the office manager the amount stated in the cheque. The office manager is an employee of Rover and Associates. The cheque may be written to Rover and Associates. If that is the case, Rover and Associates is first the drawer and the then the payee. Portis bank is the drawee.
Answer:
$235,000
Explanation:
A company can capitalize the cost of assets, delivery cost, legal & documentation charge and any other directly attributable cost that is incurred to bring the asset in the condition as intended by management.
Therefore, cost of asset, title fee and building modification fee shall be added in the cost of asset as follows:
Cost of Asset 200,000
Lawyer and title fee 20,000
Building Accommodation <u> 15,000</u>
Total <u>235,000</u>
False, only shows transactions and amounts owed.
Answer:
The answer is: B) a condition precedent
Explanation:
Condition precedents are things that must exist before something else occurs. In contract law, condition precedents must exist before any contractual obligations exists.
In this case, the condition precedent for Josh purchasing the property is that no environmental problems exist.
Answer:
Decide the issuance of cost of the bonds:
The issuance cost of bonds is the sum the obliged substance raised through the issue of legally binding proclamation called bonds. The cost of securities relies on the assumed worth, time frame, the coupon rate and the market rate.
Coming up next are three general standards regarding bonds issue cost:
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On the off chance that the coupon pace of the security is equivalent to the market loan fee, at that point the security is said to be given at standard.
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On the off chance that the coupon pace of the security is more prominent than the market financing cost, at that point the security is said to be given at premium.
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On the off chance that the coupon pace of the security is lower than the market loan cost, at that point the security is said to be given at rebate.
In the current case, both the coupon rate and the market premium are 8% and are equivalent. Thus, the issue cost of bonds is equivalent to the standard worth. That is $600,000.
