Since the contract will be drafted under a common law framework, <u>it will be based on tradition, precedent, and custom.</u>
<h3>What is a common law contract?</h3>
Contracts drafted under a common law system give judges the opportunity to interpret disputes using the prevailing situations. A common law system adjudicates cases based on judicial precedent. Judicial precedents are established through case law.
Thus, common law contract cases <u>will be based on tradition, precedent, and custom.</u>
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Answer:
$34,500
Explanation:
Whelan, Inc.
2019 Operating Cash Flow
<u>Details Amount ($)</u>
Interest expense paid (97,500)
Decrease in net working capital investment <u> 132,000 </u>
Net operating cash flow <u> 34,500 </u>
Answer:
Enterprise Fund due from General Fund (Dr.) $50,000
Revenue from service (Cr.) $50,000
Explanation:
The enterprise fund is used to provide electricity to the citizens. The revenue will be recorded as service charges for providing the electricity. Enterprise fund will be due from General fund which is billed for $50,000.
Answer:
D. Credit for $2.5 million
Explanation:
The depreciation expense to be recorded in the subsidiary individual accounts in respect of equipment is given below:
Depreciation expense to recorded in subsidiary accounts=$40 million/10
=$4 million
Since for the consolidated accounts we consider the fair value of the assets of the subsidiary and not the book values of assets, so for the purpose of consolidation, the depreciation expense of the equipment shall be recorded based on its fair value and not its book value in the following manner:
Depreciation expense to recorded in consolidated accounts=$15 million/10
=$1.5 million
Effect on consolidated depreciation expense= depreciation expense recorded in subsidiary accounts-depreciation expense recorded in consolidated accounts
Effect on consolidated depreciation expense=$4 million-$1.5 million
=$2.5 million
So based on the above calculation, the answer is D. Credit for $2.5 million
Answer:
The correct answer is D that is Job analysis.
Explanation:
Job analysis is the procedure which is used to identify and determine or evaluate in depth or detail the various aspects of the certain job or a specific job.
So, the firm who is engage in the systematic procedure for studying the positions so as to determine the various requirements as well as the elements is called as the job analysis.
