More than one business man or traders. Such as more than one person in a business.
Answer and explanation:
<em>The house owner is correct</em> because <em>strict liability</em> applies in the case. Strict liability refers to the responsibility an individual or organization has over actions incurred even if there was no intention of causing property or personal injuries. Strict liability only considers if the action was the result of the damage.
Answer:
Cash Debit $ 220
Subscriptions received in advance Credit $ 220
Explanation:
The most appropriate journal entry would be by debiting cash with $ 220 since cash has been received.
The credit account would be Subscriptions received in advance since the magazines have to be delivered in 2018 and the revenue has not been earned at the time of collections. This would be classified in the balance sheet under current liabilities.
Answer: Code of accounts.
Explanation:
In project management, a code of accounts is a vital tool in managing any project because it makes it easier to differentiate numerous parts of a project without the need to remember terminologies or lengthy names.
A code of accounts is the unique numbering or lettering whereby letters or numbers are attached to each unique part of the project during the work breakdown structure (WBS) stage. The assigned numbers and letters should not be changed throughout the project's life cycle.
Answer:
$4,850
Explanation:
the amount of fringe benefits that should be included in Linda and Richard's gross income on their 2019 tax return is $4,850
This was gotten by adding $850 worth of employee discount coupons for hotel rooms and $4,000 in tuition fees during 2019
$4,000 + $850
= $4,850
