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d1i1m1o1n [39]
3 years ago
6

Brad could no longer stand the smell emanating from his neighbor Clarence's compost heap that grew more odorous as the summer pr

ogressed. Brad brought an action against Clarence under _____.
nuisance

intentional infliction of emotional distress

assault

negligence
Business
1 answer:
Aleks04 [339]3 years ago
4 0

Answer:

Nuisance

Explanation:

I took the test on egde 2021

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Wildhorse Co. had the following assets on January 1, 2022. Useful Life (in years) Item Cost Purchase Date Useful Life (in years)
Naddika [18.5K]

Solution :

<u>Journal Entry</u>

Date               Account and Explanation                          Debit             Credit

1 Jan,2022   Accumulated depreciation-machine            $ 68,000

                     Machine                                                                           $ 68,000

30 June,       Depreciation expense, $\left(\frac{27000}{5} \times \frac{6}{12}\right)$              $ 2700

2022             Accumulated depreciation- Forklift                                  $ 2700

30 June,        Cash                                                             $ 11,700

2022             Accumulated depreciation- Forklift,           $ 18,900

                     $\left(\frac{27000}{5} \times 3.5 \right)$

                    Gain on sale of forklift                                                         $ 3600

                    Forklift                                                                                $ 27000

31 Dec,         Depreciation expense, $\left( \frac{33400-3000}{8}\right)$        $ 3800

2022            Accumulated depreciation - Truck                                   $ 3800

31 Dec,         Accumulated depreciation - Truck,              $ 22800

2022            $\left( \frac{33400-3000}{8} \times 6\right)$

                     Loss on disposal of truck                            $ 10600

                     Truck                                                                                $ 33400

7 0
2 years ago
During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On
statuscvo [17]

Answer:

c. Kena recognizes a gain of $30,000

Explanation:

cash  650,000 debit

  land 250,000 credit

  gain at disposal 350,000 credit

liabilities 500,000 debit

        cash        500,000 credit

Then, the company will close all account and leave kena account with a capital of 150,000 to mathc the remaining 150,000 cash

as her basis is 120,000 there will be a gain for 30,000

4 0
3 years ago
which reason for holding inventory is exemplified when a firm builds up stock because they anticipate rising profit levels in th
Natali [406]

The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.

<h3 /><h3>What is inventory holding cost?</h3>
  • The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
  • Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.
  • Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
  • To reduce stock-out costs, merchandise is kept on hand.
  • To ensure that no consumer leaves empty-handed, all businesses must forecast the demand for their products and maintain inventories of raw materials, finished goods, work-in-progress, and consumables.
  • Within a single supply chain, inventory holding costs are computed as a portion of the overall inventory costs.
  • Storage, insurance, labor, transportation, depreciation, shrinkage of the inventory, spoilage of the inventory, obsolescence, and opportunity costs are some of the costs.

To Learn more About inventory holding refer to:

brainly.com/question/26533444

#SPJ4

5 0
1 year ago
Causwell company began 2018 with 10,000 units of inventory on hand. the cost of each unit was $5.00. during 2018 an additional 3
nydimaria [60]

The amount of cost of goods sold using FIFO method is $110,000.

Hope this helps. :)

3 0
3 years ago
You should indicate that you are available for an interview in which part of a cover letter?
nlexa [21]

Answer: NOT the second paragraph

Explanation: ed 2021

7 0
3 years ago
Read 2 more answers
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