The Plain Meaning Rule.
The plain meaning rule states that when the language is unambiguous and clear, you must use the actual language of the contract and not any outside evidence when determining how the dispute is resolved.
Answer:
True
Explanation:
The <u>statement is true</u> as we know according to CP-38 Commission Position toward Disclosure concerning Affiliated Business Arrangements as well as Conflicts, the comment additions Rule E-46 Affiliated Business Arrangements. §12-61-113.2, C.R.S. Affiliated Business Arrangements was established in Colorado to produce clarity, accountability, moreover customer protection during disclosure moreover regularity concerning affiliated marketing adjustments. Affiliated business organizations have also been organized for various years by the RESPA.
Answer:
$708,000
Explanation:
The computation of Investment in Evan Company balance is shown below:-
Purchase of Evan stock = $600,000
Book Value of Evan Stock = Net assets - Given percentage
= $1,200,000 x 40%
= $480,000
Goodwill = Purchase of Evan stock - Book Value of Evan Stock
= $600,000 - $480,000
= $120,000
Life of Goodwill is Indefinite
Annual Amortization is Zero
Cost = $600,000
Income Accrued 2017 = Net income × Given percentage
= $140,000 x 40%
= $56,000
Dividend 2017 = Cash dividend × Given percentage
= $50,000 x 40%
= $20,000
Income Accrued 2018
= $140,000 x 40%
= $56,000
Dividend 2018
$50,000 x 40%
= $20,000
Income Accrued 2019
= $140,000 x 40%
= $56,000
Dividend 2019
$50,000 x 40%
= $20,000
Equals Investment in Evan, 31/12/2019 = Purchase of Evan stock + Income Accrued 2017 - Dividend 2017 + Income Accrued 2018 - Dividend 2018 + Income Accrued 2019 - Dividend 2019
= $600,000 + $56,000 - 20,000 + 56,000 - 20,000 + 56,000 - 20,000
= $708,000
Answer:
Franchisor
Explanation:
To expand a particular business, it is necessary to take some steps. One of the ways in which a business can be expanded is through franchise.
Franchising is the term here and it is a popular marketing concept. For example there are lots of McDonald’s Franchise across the country. One of the ways which contributed to the present day success of McDonald is through this scheme.
The company that franchises is known as the Franchisor. They usually have a proven business model and can approach businesses who are keen on expansion. They then get the right to sell these products within the same territory using the Business name within the legal framework