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blagie [28]
3 years ago
6

Diel entered into a written contract to sell a building to Stone. The contract was properly recorded. Stone breached the contrac

t and Diel has brought an action for breach of contract. Stone pleads the statute of limitation as a defense. The
a. time period fixed by the statute of limitations is uniform throughout the states
b. Recording of the contract stops the running of the statue of limitations
c. time period fixed by the statute of limitations begins when time contract is recorded
d. Remedy sought by Diel will be barred when the period of time provided by the statute of limitations has expired
Business
1 answer:
aleksandr82 [10.1K]3 years ago
6 0
Answer: D







Explanation: ur welcome
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Supply-side policies have proven that smaller government makes the economy more efficient. ​ Select one: True False
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Answer:

The given statement is "False".

Explanation:

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A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
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7 0
3 years ago
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North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line d
andrew-mc [135]

Answer and Explanation:

The Journal entry is shown below:-

Income tax expense Dr, $40,025

      To Deferred tax liability $2,025

      To Income tax payable $38,025

(Being income taxes for the year 2020 is recorded)

Working note:-

Excess depreciation = ($27,000 × 50%) - ($27,000 ÷ 4)

= $13,500 - $6,750

= $6,750

For Deferred tax liability = $6,750 × 30%

= $2,025

For Income tax payable = ($157,000 - $23,500 - $6,750) × 30%

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6 0
3 years ago
Rand Company had May operations as follows. Units actually produced 76,000 Actual direct labor hours worked 160,000 Actual varia
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Answer:

B. 20,000

Explanation:

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Standard Variable overhead rate = $3 per hour

Variable Overhead Spending Variance = Actual hours worked * (Actual overhead rate - Standard overhead rate)

Variable overhead spending variance = 160,000 * (3.125 -3)

Variable overhead spending variance = 160000*0.875

Variable overhead spending variance = 20,000

4 0
3 years ago
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