Answer:
a) Notes payable = current liabilities
b) Unearned rent = current liabilities
c) Accounts payable = current liabilities
d) Taxes payable = current liabilities
Explanation:
Current Liabilities are Company`s Obligations that are due for settlement within a period of 12 months.
All the above Accounts are would be classified as current liabilities as settlement in cash or service <em>(when in comes to unearned rent)</em> is due within 12 months.
Answer: The amount of money that they were paid for the high school prom. This is because that's the amount that has been sent on the band.
Explanation:
From the question, we are informed that Cracked Mirror, a local rock group, contracts to play for your high school prom and that a week before the
dance, the group cancels its appearance.
We are further told that a teacher finds out that the band has instead booked a
concert elsewhere at the same time as the prom that will pay them $800 more.
Based on the above information, if the band for damages, the appropriate amount would be the amount that they were paid for the high school prom. This is because that's the amount that has been sent on the band.
Answer:
$7,202
Explanation:
Calculation for What should be the balance in Kent's deferred tax liability account as of December 31, 2021?
December 31, 2021 Deferred tax liability=$ 27,700 x 26%
December 31, 2021 Deferred tax liability=
= $7,202
Therefore What should be the balance in Kent's deferred tax liability account as of December 31, 2021 is $7,202
This deal will be fully discharged when Leony pays Kali the $3000 for the car and Kali hands over her car to Leony so that Kali has the money and Leony has the car which means the transaction has been successfully completed.
Answer:
The franchise agreement is the contract that details the terms of the franchise
Explanation:
A franchise agreement is a legally binding document that outlines a franchisor's terms and conditions for a franchisee. Every franchise is governed by these terms, which are generally outlined in a written agreement between both parties.
In actuality, most franchise agreements are for an initial term of 10 to 20 years, and most franchisees leave before that term is completed.
The franchise agreement will designate the territory in which you will operate and outline any exclusivity rights you may have as well as spell out the royalty fees, franchise fee, trademark and mode of operations.
