Answer: The answer is provided below
Explanation:
An intern is a student or a trainee who works, sometimes without getting paid, so as too gain work experience or satisfy the requirements for a qualification.
Internship comes into legal agreement by signing an internship agreement. Such agreement is signed by the organization and the intern. The violation of intern contract is enforceable by law.
Companies usually have committee that evaluate issues that may disturb the employees or interns at their workplace. In a situation whereby the intern feels an issue cannot be resolved within the organization, the intern can go for lawsuits.
Company's actions such as discrimination at work, sexual harrasment are example of cases that may justify am intern going to the court. Even though many states have passed laws to protect interns in organizations, an intern can still file lawsuits in cases of severe misconducts.
Answer
<h3>
The total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>
<h3>
Explanation</h3>
<h3><em>Calculation of Total purchase price</em></h3>
- Total purchase price = purchase price + legal fee
= 1.000.000 + 6.000
= 1.006.000
Allocation of the total purchase price to the land, building, and machinery accounts in Tamarack Company’s record:
- Land = Total purchase price * (Assesed Value of Land / Total Property Assessed Value)
= 1.006.000 * (126.000 / 900.000)
= 140.840
- Building = Total Purchase Price * (Assesed Value of Machinery / Total Property Assessed Value)
Building = 1.006.000 * (318.000 / 900.000) = 355.453,3
<h3>
Thus, the total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>
Answer:
Option C
Explanation:
C. There is a high degree of social consensus
Answer:
A fully rented apartment building
Explanation:
Capital assets are a term that describes substantial portions of property including homes, cars, stocks, bonds, etc. In other words, specifically in business, a capital asset is defined by its valuable life which is extended than a year and is not planned for sale at a typical period of business's operation.
Hence, in this case, the right answer is A fully rented apartment building
Answer:
c. Fairness of the financial statements.
Explanation:
Internal controls are rules, regulations, procedures that are required for the business organization to run the organization in a smooth manner.
There are various objective of internal control system which are as follows:
1. To safeguard the company assets
2. Motive the employees to follow up the policy of the business organization
3. Encouraging business performance
4. Make accounting records more accurate and reliable
5. The chances of errors risk got reduced
6. Meet statutory requirements and so on
