B, I think I don’t know too much. But that sounds the most correct
Answer:
Explanation:
The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.
Answer:
$3,003
Explanation:
Interest expense = Effective interest for first interest period × Period of time covered by adjusting entry.
Therefore:
Interest expense = $9,009 × 2/6 = $3,003
The adjusting entry will record interest for the two-month period conservatively which includes January and February, Year 1 in which It will include a debit to Interest Expense in the amount of $3,003.
Hence,
Dr Interest Expenses $3,003
The amount of interest expense that should be accrued by Maverick in an adjusting entry dated February 28, Year 1 is
$3,003
Answer:
Database Management System
Explanation:
The DMS is a software that is used for improving data sharing, provision of security by limiting access of data to authorized people, integration of the data with other systems and many more. This provides a greater access and control of data to the user of this software.
<u>In a business context, legal counsel is not only a primary and important source of information and advice but is also solely responsible for making decisions about how to resolve a disput</u>e-This statement is false
Explanation:
<u>Alternative dispute resolution options is one of the most popular way to settle legal matters without wasting Time and money in a court cases</u>
There are three main types of formal alternative dispute resolution techniques that are used in the United States. They are
<u>Mediation
</u>
In mediation alternative an independent mediator works with both the parties to come to a resolution.
<u>Arbitration
</u>
Arbitration refers to the term voluntary, many people agree to participate in arbitration before a dispute ACTUALLY arises.
In an arbitration, both the parties agree to have their case heard by an impartial person who is refereed to as an arbitrator, who issues a final and binding decision.
An arbitration case is heard much faster and is less expensive than a court case
<u></u>
<u>Collaborative Law
</u>
This is typically used in the resolution of family law setting as an alternative to litigating a divorce. It is different than mediation or arbitration in the sense that there is no neutral third party.
