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Colt1911 [192]
2 years ago
14

State the elements of proof that are necessary to make out a case of attractive nuisance as per the Restatement of Torts, Sectio

n 339.
Business
1 answer:
Ivan2 years ago
7 0

Answer:

Attractive nuisance occurs when a child trespasses a property because something in the land attracted him, e.g. an old wagon or car, an gets hurt by playing with it. The requirements for attractive nuisance to exist are:  

  1. The child is hurt by playing with the object or structure that attracted him/her (the object must be man made).  
  2. The person in charge of the place should have reasonably known that the object or structure could attract children.  
  3. The person in charge of the place should have known that playing with the object or structure could pose a risk for children.  
  4. The child needs to be young enough to not understand the risk of playing with the object or structure, e.g. someone 17 years old is not considered a young child though he/she is a minor.  
  5. The risk associated with the object or structure is far greater than any decorative use given to the object or structure.
  6. The person in charge of the place failed to do enough to prevent the danger or protect any children that would eventually play with the object or structure, e.g. put a fence around it.
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The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journal
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Answer:

The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journals, closing entries, create a trial balance, make adjusting entries, create adjusting trial balance and prepare the four basic financial statements (balance sheet, income statement, changes in net assets/equity and cash flows). Note, adjusting entries are not necessary but reversals are a must in this process. This statement is:________.

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Kono corp. , an american company, is trying to decide whether to open its first international branch in europe or asia. The mana
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The managers of Kono Corp., which is an American company trying to open a branch in Europe or Asia are operating under a condition of <u>D. uncertainty</u>.

<h3>What is uncertainty?</h3>

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<h3>Answer Options:</h3>

A. goal displacement.

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2 years ago
Exercise 15-14 Presented below are two independent situations. 1. Flinthills Car Rental leased a car to Jayhawk Company for one
IrinaVladis [17]

Answer:

Part 1

Dr Lease rentals $300........ Expense

Cr     Cash Account $300

Part 2

Dr Leased Equipment $63,536

Cr Finance Lease Liability  $63,536

Explanation:

Part 1. Under the operating leases the lessee pays the monthly rentals which must be accounted for as an expense and the double entry is as under:

Dr Lease rentals $300........ Expense

Cr     Cash Account $300

Part 2. Under the finance lease agreement, the lessee pays the value of the asset and the interest as well. So after the date of agreement when the asset is handed over the journal entry would be recording of the equipment received, which would written at its fair value or present value of the payments made. The journal entry would be:

Dr Leased Equipment $63,536

Cr Finance Lease Liability  $63,536

8 0
3 years ago
Equities are claims of ownership in a corporation. Please select the best answer from the choices provided T F
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That statement is True.

The amount of equities that you own in a corporation is depended on how much stock you own in that corporation. The more equity you own, the more influence you have in that corporation. If you have more than 50 % equity in a corporation, that corporation basically have to follow whatever decision you made.
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