Answer:
(b) purchase contract with no contingencies.
I believe in this case that ABC motors is the customer
and the car was still being delivered to their office. Therefore the correct
answer to this is:
The title of ABC motors would be “Void”
<span>This is considered right away as Void since there was no
information or any knowledge on the part of ABC motors about the stolen car. </span>
The correct answer is repatriation.
A person who has been sent to work in another country might have a hard time adjusting to his original country once he or she returns. This is because you assimilate into that new culture, and when you go home, you have to readjust again in order to assimilate back into your former culture.
The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is <u>c.$1,000.</u>
<h3>Rent in 2021</h3>
When recording rent, you can only record it for the period that the financial statement is for.
The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.
The rent will therefore be a rental amount for a month:
= Rental amount / Number of months
= $18,000 / 18
= $1,000
In conclusion, option C is correct.
Find out more on prepaid rent at brainly.com/question/1079277.
The appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
<h3 /><h3>Journal entry</h3>
The correct entry to record the transaction is:
November 17
Debit Cash $7,840
(98%×$8000)
Debit Sales discount $160
(2%×$8000)
Credit Account receivable $8,000
Therefore the appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
Learn more about journal entry here:brainly.com/question/14279491
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