Answer:
b. $200,000 $400,000
Explanation:
As it given that $800,000 received by Kiley, out of which $400,000 is the security deposit amount and remaining $400,000 represents the current year and the next year rent
So we assume $200,000 is the current year rent revenue and the other $200,000 represents the unearned rent revenue which is reflected as a current liability
And, the security amount is shown as a long term liability
Answer:
the warranty may have expired
Explanation:
- Warranty is not guaranteed. This is just a promise. It can be enforced if specified by the award for legal compensation for damages
- Warranty is a condition of the contract or the innocent word "does not go to the source of the contract" and only damages the innocent party
- Sometimes manufacturers allow you to purchase an extended warranty after your original warranty expires.
- If you do not have any warranty compared to the equipment installed by the original equipment manufacturer (OEM), it is difficult to confirm.
Answer:
<h2>1) The answer is option a) or True.</h2><h2>2) Generally all contracts are assumed to be <u>Shipment </u> contracts if nothing to the contrary is stated in the contract.</h2><h2>3) The seller is required to deliver the goods to a particular destination in a destination contract,usually directly to the <u>buyer</u>
<u>.</u></h2><h2>4) The answer is option a) or True.</h2><h2 />
Explanation:
- A shipment contract mandates that the seller of any good or service is obligated to deliver the specified shipment to a common carrier for delivery to the buyer but not directly to the buyer's destination.Under the shipment contracts,the seller is not responsible for the condition of the shipment or package during the delivery point and time to the buyer.
- If nothing is specifically mentioned in the contract regarding the delivery of the shipment,it assumably qualifies as a shipment contract and the seller is only liable to dispatch the shipment to the transportation carrier and not obligated to send it directly to the buyer's destination.
- Under a destination contract,the seller is officially obligated to dispatch the concerned goods or shipment directly to the buyer's actual destination.Hence,the seller's obligation is incomplete until the shipment subsequently reaches the buyer's destination.
- For destination contract,at the point of delivery,the burden of risk and title associated with the condition and ownership of the specified shipment is passed onto the buyer and seller is not officially or legally liable regarding the same.
