Answer:
Court ruled over in favor of the plaintiffs.
Explanation:
The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.
Answer:
D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.
Explanation:
Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.
Answer: A. debit of $3,745 to Premium on Bonds Payable.
Explanation:
The carrying value of the bonds at redemption date is $103,745.
The bonds retired however, had a face value of $100,000.
The company therefore paid a premium on these bonds which is:
= 103,745 - 100,000
= $3,745
This amount will be debited to the Premium on Bonds Payable account.
Answer:
A. $424,000
Explanation:
current income = Taxable income - Federal tax + Depreciation disallowed + net capital loss carryover
= $400,000 - $136,000 + ($200,000 - $60,000) + $20,000
= $424000
Therefore, The corporation's current earnings and profits for 20X3 would be $424000.
Answer:
<u>smaller deficit</u>.
Explanation:
A smaller deficit than the current deficit is the ideal answer to fill the gap. A deficit occurs when expenditures are greater than revenues, so in an economy with a surplus, revenues will be larger than expenses, so the standardized employment deficit will be smaller than the current one, because an economy with a GDP that exceeds its potential , is an economy that is expanding, production is larger, which consequently increases the employment rate and decreases the deficit.
