Answer:
$88,450 should be included in the current assets section of Janson’s December 31, 2021, balance sheet
Explanation:
Current Assets: The current assets are those assets which are converted into cash within one year.
Examples - Accounts receivable, inventory, prepaid insurance, cash, etc.
The computation of the total current assets is shown below:
= Accounts receivable + Inventory + Prepaid insurance + Short term investment
= $14,000 + $40,000 + $3,650 + $30,800
= $88,450
The amount of prepaid insurance which is given in the question is for two years. We have to compute for one year so we divide the total amount by number of years
= $7,300 ÷ 2 years
= $3,650
Answer:
what is your question though? I don't understand
Home of pets !!!
Hope it works!!!
Answer:
<em>Most definitely, Tony would lose due to the integration clause.</em>
Explanation:
An integration clause <em>requires a short paragraph to be inserted into a written contract to confirm a final deal between two sides.</em>
Since drafting a written contract, it may fail to be fully checked by one of the parties involved to ensure that all provisions are included and that both parties sign the contract, which Tony failed to consider.
If this happens, one party could contend that the other failed to uphold a particular condition or phrase that they consented to verbally.
