Accounting Prepare general journal entries to record the following transactions for the Harris

in 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks,

BigorU [14]

In 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks, appropriations have to shrink as well.

<h3>what is texas constitution ?</h3>

The Texas Constitution is the fundamental governing document of Texas, describes the structure and function of the government, it consists of a preamble and 17 articles.

Article 1 represents Bill of Rights and consists of 34 sections.

Article 2 represents the Power of Government which provides for the separation of the powers of the government.

Article 3 represent the Legislative Department, include the legislative power of the state of Texas and consists of the Texas Senate and Texas House of Representatives.

Article 4 Executive Department and it consists of 26 sections which describes the powers and duties the officials of state's executive.

Article 5 Judicial Department consists of 32 sections, explains the composition, powers of the Texas Supreme Court, the Court of Criminal Appeals, Justice of the Peace Courts etc.

Article 6 Suffrage consists of five sections, defines classes of persons are not allowed to vote like minors, persons convicted of a felony etc.

Article 7 Education consists of 20 sections, provisions for public schools, asylums and universities.

Article 8 Taxation and Revenue which places various restrictions on the ability of the Legislature and local governments to impose taxes like local property taxes.

Learn more about texas constitution , here:

brainly.com/question/28189890

#SPJ4

4 0

1 year ago

Riverwood Properties bought three lots in a subdivision for a? lump-sum price. An independent appraiser valued the lots as?

Law Incorporation [45]

Answer:

Explanation:

The cost allocation of each lot is presented below:

(A) (B) (A × B)

Lot Appraised Value Percentage Purchase value Allocated cost

Lot 1 $76,500 15% $355,000 $53,250

Lot 2 $229,500 45% $355,000 $159,750

Lot 3 $204,000 40% $355,000 $142,000

Total $510,000 100% $355,000

Now the journal entry would be

Land - Lot 1 $53,250

Land - Lot 2 $159,750

Land - Lot 3 $142,000

To Cash A/c $355,000

(Being the lots are purchased for cash)

8 0

3 years ago

Net exports are Multiple Choice exports plus imports. imports less exports. exports less imports. that portion of consumption an

sergij07 [2.7K]

Answer:

The correct answer is letter "C": exports less imports.

Explanation:

Net exports are the difference between exports and imports from a country. It is computed by subtracting the total export value of the country, with the total value of the imports. Net exports from a country take on a negative value or <em>trade deficit </em>if it imports more merchandise than it produces. If a nation imports less merchandise than it exports, a positive value or <em>trade surplus </em>results.

8 0

2 years ago

You are evaluating an investment that will provide the following cash flows at the end of each of the following years: year 1, $

stealth61 [152]

Answer:

$37,680.95

Explanation:

The maximum i would be willing to pay is the present value of the cash flows

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $12,500

Cash flow in year 2 = $10,000

Cash flow in year 3 = $7,500

Cash flow in year 4 = $5,000

Cash flow in year 5 = $2,500

Cash flow in year 6 = 0

Cash flow in year 7 $12,500

I = 9%

PV = $37,680.95

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

3 0

2 years ago

Sally is a channel manager for the Carolina Bee Company, which offers bee

Yuliya22 [10]

Answer:

it might be B but I'm not sure

7 0

2 years ago