Answer:
E. a promise to work for an employer for the rest of your life
Explanation:
The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except a promise to work for an employer for the rest of your life.
Statutes of frauds cover:
Promises that involve marriage as consideration
Contracts that can't be performed within one year
Contracts that involve the sale or transfer of land
Contracts that involve promises by executors to pay estate debts
Contracts that involve a promise to act as a guarantor or surety
Contracts that involve the sale of goods worth more than $500
Hence a promise to work for an employer for the rest of your life
When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:
B.) each individual creditor and a credit to cash.
When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.
Answer:
a. derives its value from the rights and privileges it provides the owner.
Explanation:
The intangible asset are those assets that cannot be touched or seen that means it does not have any physical substance
In this, the amortization expenses are recognized.
The intangible assets consist of patents, copyrights, goodwill, and other intellectual proprieties.
Moreover, it is categorized on the asset side of the balance sheet
and the operating cycle contains only days inventory outstanding + days sale outstanding so the intangible asset does not relevant.
The purchase tax is paid by the consumer over a commodity. The excise tax has been considered as the purchase tax.
<h3 /><h3>What are taxes?</h3>
The taxes are the contribution to the state made to develop the contribution to the revenue. The Purchase tax has been the tax paid by the individual over the product buy.
The following tax is paid as:
- Income tax: Over income
- Social security: Over the protection
- Property tax: Over the land owned
- Excise tax: Over the purchase
Thus, the excise tax has been the type of purchase tax. Thus, option D is correct.
Learn more about purchase tax, here:
brainly.com/question/12760820
Answer:
c. When held in isolation, Stock A has more risk than Stock B
Explanation:
Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.
