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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

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

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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

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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:

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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

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

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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

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3 years ago

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