Answer:
Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, andinvestment firm. Their agreement states that it is a breach of the agreement for any partner toassign his or her interest to a creditor without the consent of the other partners.Refer to Fact Pattern 27-3. The partners decide to dissolve Equity Lending. Duke collects anddistributes the firm's assets. This results in(A) nothing with respect to the firm's existence.(B) the continuation of the firm's business.(C) the termination of the firm's legal existence.(D) the temporary suspension of the firm's business.Answer : (C)57.Oliana is a partner in Pacific Traders. In the majority of states, with respect to any partnershipobligations that Oliana does not participate in, know about, or ratify, Oliana would be liable for58.Craig, Donna, and Eve do business as FastTrak Career Consultants. Eve's relationship toFasTrak ends, but the firm continues to do business. This is59.Brad and Carolyn are partners in Doctors for Children, a medical clinic. Brad's dissociation fromthe firm results i
Explanation:
yes sir
<span>There was the Sherman Act, the first of the anti-trust laws, which disallowed monopolies, and price fixing. to ensure the consumer a fair price by preventing one company from controlling an entire market, thereby insuring a particular product would need to be priced competitively.
There was also the Interstate Commerce Act which prohibited the railroads from both price gouging and price discrimination, ie. charging more for smaller loads and shorter distances, which greatly affected small business like farmers, who couldn't afford to pay more for less, and big businesses were paying less for more. Sound familiar? This Act forced railroads to have one fair rate applying to everyone, and it must be posted for all to see.</span>
Answer:
credit of $36,701 to Discount on Bonds Payable
Explanation:
Dr Bonds payable $980,000
Dr Loss on bond redemption $2,499
[$1,016,701-($980,000 x 104%)
Cr Discount on bonds payable $36,701
($1,019,200-$980,000-$2,499)
Cr Cash $1,019,200
($980,000 x 104%)
The entry to record the redemption will include
a credit of $36,701 to Discount on Bonds Payable
Explanation:
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A deduction from adjusted gross income for yourself, your spouse, and qualified dependents is: an exemption. The Form 1040 is most helpful to a person who: itemizes deductions
Answer:
New expected operatimg income is $ 45,000
Explanation:
Degree of Operating leverage =<u> %change in operating income</u>
% change in sales
2.5 =<u> % change in operating income</u>
20%
2.5 × 0.2 = % change in operating income
0.5 or 50% = % change in operating income
50% =<u> x-30,000</u>
30,000
0.5× 30,000 = x- 30,000
15,000 + 30,000 = x
$45000 = x
