Answer:
.b This is a bilateral contract, and Mark is entitled to nothing because he did not perform
Explanation:
The contract is bilateral as obligation to perform exist for both parties.
Helen is obligated to pay the reward to the person who finds the cat and bring her home.
As Mark didn't find the cat it didn't perform (find the cat) Helen is not obligated to payup the reward for Fluffy
Answer:
d. Accounts Payable; Unearned Revenue; Collins, Capital
Explanation:
As we know that the following accounts have a debit balance and credit balance. If they increase, then the respective accounts have same the debit balances and the credit balances
Debit balances
1. All types of assets
2. Expense and losses
Credit balances
1. Stockholder equity
2. All types of liabilities
3. Revenues and gains
Answer:
Explanation:
(A) What is Transfer Pricing?
This is an accounting practice that sets prices for goods and services bought and sold between related entities.
(B) Two methods of defending transfer prices if they are challenged by tax authorities:
1. Treating the related or commonly controlled entities as if they are 2 independent entities.
2. Claiming that services rendered between the 2 related entities could not be priced.
(C) How are transfer prices used in managing multinational tax exposures?
- Transfer Prices help reduce import and export duties. They are used to manage multinational tax exposures by exporting or shipping the goods at a low transfer price, to subsidiaries or related entities in countries with high tariff rates.
- It reduces income taxes and corporate taxes in high tax countries, by overpricing goods that are sold/transferred to subsidiaries in countries with low tax rate.
Answer:
A fully rented apartment building
Explanation:
Capital assets are a term that describes substantial portions of property including homes, cars, stocks, bonds, etc. In other words, specifically in business, a capital asset is defined by its valuable life which is extended than a year and is not planned for sale at a typical period of business's operation.
Hence, in this case, the right answer is A fully rented apartment building
Answer: a low level of purchase involvement
Explanation:
A low-involvement purchase simply means a decision making process that's abridged. In such situations, the buyer hardly does any information gathering, and he or she makes a simple and straightforward decision.
Since when Emma noticed that she was almost out of gas, she pulled into the nearest gas station and filled up her tank. Emma's decision here is straightforward as she doesn't analyse other alternatives. Therefore, it's a low level of purchase involvement.