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notsponge [240]
3 years ago
11

In a community property state, John marries Patricia. Prior to the marriage John owned an SUV. During the marriage, John bought

a Buick, John and Patricia bought a second property with money earned from Patricia's job, and each individual received a motorcycle from Patricia's uncle as a gift. What property is community property in this marriage?
Business
1 answer:
vazorg [7]3 years ago
5 0

Answer:

The Buick and the second property.

Explanation:

The community property law states that income earned by either of spouse during the marriage or all the property purchased with those income during the marriage are equally owned by both husband and wife. These income and property are considered as community property.

Community property law distinguishes real and personal property into categories of separate and community property. Separate property belongs to one spouse; community property belongs to both spouses equally. Separate property is that property which is acquired prior to the marriage, by gift or inheritance.

Similarly, during the marriage debt is also equally shared by the spouse.

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Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government s
viktelen [127]
<span>Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government should lead the country.</span>
4 0
2 years ago
According to McGregor which of the following characterizes the assumptions of a Theory X manager?
Korvikt [17]

Answer:

All of the above

Explanation:

This theory is one of the theories of work and motivation as it pertains to certain workers. The theory is by Douglas MacGregor

These are the assumptions

1.that many people hate anything work and would do anything they can to avoid working.

2.people are not ambitious. They would rather avoid responsibility

3. People have to be forced to work, so they must be directed.

7 0
3 years ago
Anderson Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in t
Whitepunk [10]

Answer: Acquisition

Explanation:

 The Acquisition is one of the type of method that helps in acquiring the various types of business strategies for manage the business for achieving the given target.

 The main objective of the acquisition in the business is that it helps in achieving the desirable goal and helps in finding the various types of strengthening characteristics of the firm.

According to the given scenario, the Andersen products Inc, is one of the small startup based company and they gaining the access for managing the organization technology and also the human capital.

Therefore, This transactional process is refers as the acquisition method.  

4 0
3 years ago
Uncertainties such as natural disasters are: Select one: a. Estimated liabilities because the amounts are uncertain. b. Not cont
Dovator [93]

Answer:

d. Disclosed because of their usefulness to financial statements.

Explanation:

A <em>liability</em> is a present obligation (Legal or Constructive) of an Entity that arises as a result of a past event and the settlement of which will result from an out flow of cash from the entity.

One class of Liability that relate to the case is a <em>Provision</em>.A provision is a liability whose amount can be determined with certainty.

A liability whose amount can not be determined with certainty is known as a <em>Contingent liability</em>.A contingent liability is not presented in the financial statements but is  only disclosed in the Financial Statements.

6 0
3 years ago
A truck acquired at a cost of $80,000 has an estimated residual value of $8,000, has an estimated useful life of 200,000 miles,
laila [671]

Answer:

a. The depreciable cost is $72000.

b. The depreciation rate is $0.36 per mile.

c. The depreciation expense for the year is $6480.

Explanation:

a.

The depreciable cost is the cost that is eligible for depreciation. It is calculated by deducting the residual value from the cost of the asset.

Depreciable cost = Cost - residual value

Depreciable cost = 80000 - 8000 = $72000

b.

The depreciation rate can be calculated by dividing the depreciable cost by the total estimated useful life of the asset.

The depreciable rate = 72000 / 200000 = $0.36 per mile driven

c.

The units of activity depreciation for the year is,

Depreciation expense = 0.36 * 18000 = $6480

6 0
2 years ago
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