Answer:
True
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.
This ultimately implies that, a contractor is a non-employee of the organization he provides services or work for. Some examples of a contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.
Basically, the government of a country usually employs the services of contractors for the execution of public projects and works.
Hence, both the Government and the contractor have the option of going to court to resolve disputes between them.
Successful consultative salespeople create value by helping customers understand their problems and help them find ways to overcome them. They add value to what they are selling to the customer by paying attention to what the customer needs. They are aware and attentive to their clients.
Answer:
b. $1,000
Explanation:
Basis at the beginning of the year $10,000
Less cash received $6,000
=$4,000
Distributive share of income is $5,000
Less land distribution with a basis of $8,000
=$3,000
Hence:
$4,000-$3,000
=$1,000
Therefore Beth’s partnership interest basis at the end of the year will be $1,000
Answer:
The answer is: 3) Due to Other Governments for $900,000.
Explanation:
The full record should be:
- Dr Taxes Receivable for Other Governments 900,000
- Cr Due to Other Governments 900,000
The total amount of the tax levy, and not just the expected amount to be collected, should be recorded as a receivable. The county collector is responsible for collecting (or attempting to collect) all taxes as billed.
The total due is $3275, which includes the Down payment, Security deposit, and Acquisition
