Appellate courts hear the appeals of decisions made at the trial court level brought by the losing party in the case.

Match each word with the phrase that best defines it

podryga [215]

Answer:

See explanation below.

Explanation:

1. Equity: the value of a property above any loans that are owed.

2. Lease: a payment in a series that is made over a long period of time installment, to buy something on credit.

3. Finance: a legal agreement to borrow money for the purchase of a home.

4. Mortgage: a legal agreement allowing a person to use a car or property for a payment.

4 0

3 years ago

Read 2 more answers

Brief Exercise 12-06Flint Corporation owns a patent that has a carrying amount of $290,000. Flint expects future net cash flows

Morgarella [4.7K]

Answer:

Debit Impairment loss account $50,000

Credit Intangible asset account $50,000

Being entries to recognize impairment loss on patent.

Explanation:

According to IAS 36, an asset is impaired when the carrying amount of the asset is more than the recoverable amount. The recoverable amount is the higher of the fair value and the future net cash flow from the assets.

Given;

Carrying amount = $290,000

Expected future net cash flows from this patent = $240,000

Fair value of the patent = $133,000

The recoverable amount = $240,000 (as this is higher than the fair value)

Impairment is the difference between the carrying amount and the recoverable amount.

Impairment = $290,000 - $240,000

= $50,000

Entries required

Debit Impairment loss account $50,000

Credit Intangible asset account $50,000

Being entries to recognize impairment loss on patent.

7 0

3 years ago

What do law enforcement public safety corrections and security agencies usually provide to help their employees manage stress Pl

Furkat [3]

Answer:

The following have been discovered to be of help in reducing stress for law enforcement and public safety officials such as the Police and Military.

Attaining and maintaining work-life balance
deliberately taking out time for leisure activities
Keeping a very positive mindset always
setting and pursuing after goals and avoiding procrastination
Planning their daily work for enhanced effectiveness

Explanation:

Stress amongst law enforcement officials and public safety officials has become very crucial due to the following reasons:

1. It's easy for stress to go on for a prolonged period of time in the lives of these officials because of the nature of their work.

2. They are always in the face of danger and have to take life-or-death decisions/risks very often.

3. Relative inconclusive nature of their work

4. Frequent changes in shifts

5. Financial challenges and

6. In some cases health challenges of the officers in question or loved ones.

Stress amongst Law enforcement officials are very difficult to track because as they are trained to be and look tough...hence a the thinking is that a demonstration of weakness or admission of challenges could be interpreted as incompetence or inability to continue on the job.

Cheers!

4 0

3 years ago

Exercise 4-5 Computing income summary and ending capital balance from closing entries LO C1, P2 Capri Company began the current

vesna_86 [32]

Answer:

$27,000

Explanation:

The closing entries are as follows:

1. Service fees earned A/c Dr $70,000

Interest revenue A/c Dr $7,000

To Income Summary $77,000

(Being revenue account closed)

2. Income summary A/c Dr $50,000

To Salaries expense $38,000

To Depreciation expense $8,000

To Utilities expense $4,000

(Being expenses accounts are closed)

3. Income summary A/c Dr $27,000 ($77,000 - $50,000)

To Retained earning $27,000

(Being the difference is credited to retained earning)

Therefore, the balance left in the income summary account is $27,000

7 0

3 years ago

A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to

Flauer [41]

Answer: Limited partner.

Explanation:

The limited or silent partner is part of the ownership of a partnership business that only invests into a business but is not involved in the daily business runnings. The partnership owner in charge of the daily business runnings is the active partner.

6 0

3 years ago