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Jobisdone [24]
3 years ago
6

On November 7, a painter agreed with a homeowner to paint his house for $10,000, payment to be made upon completion of the job.

On November 14, while the job was still incomplete, the painter told her paint supplier that if he would give her the paint she needed, she would have the homeowner pay to him directly the $3,000 for paint that she owed him. The paint supplier agreed, and the painter sent the homeowner a letter setting forth this agreement. On December 1, the painter had completed the job, but the homeowner refused to pay the paint supplier any money
Business
1 answer:
bixtya [17]3 years ago
7 0

Answer:

So beat him up or call the FDA and they'll help

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Under GASB guidance when should an item be recognized on the face of the financial statements? Under whatconditions, would the G
aleksandrvk [35]

Answer:

If it satisfies the definition of an element and is also measurable with a high degree of reliability and accuracy

If there is a lack of clarity of any items found within the financial statement

Explanation:

According to the governing body the Governmental Accounting Standards Board, an item is only accepted in the face of a financial statement if it satisfies the characteristics of an element and must be measurable. The level of accuracy and reliability in these measures must also be high.  

When there is any item found in the financial statement that lacks clarity, it is important to tag the statement with a note disclosure stating what is not clear to you. If this is done, the user is able to understand each items in the statement.

6 0
3 years ago
After Elizabeth’s son proposes to his girlfriend, she tells her that she will be passing on the family heirloom (a diamond neckl
Semmy [17]

Option:

Yes, Elizabeth clearly wanted the fiancée to take possession of the necklace and earrings.

Yes, as a gift beneficiary, the fiancée can sue the estate for possession of the necklace and the earrings.

No, Elizabeth died before she could deliver the gift to the fiancée, therefore, the gift fails.

No, the fiancée gave no consideration; hence she cannot enforce the gift.

Answer:

No, Elizabeth died before she could deliver the gift to the fiancée, therefore, the gift fails.

Explanation: For a gift to be binding it must possess three main characteristics which includes

(1) The intention to give the gift by the donor

(2) The transfer or giving of the gift to the donee

(3) The acceptance of the gift by the donee.

A PROMISE TO GIVE SOMEONE A GIFT THAT DOES NOT POSSESS THESE CHARACTERS IS CONSIDERED MEANINGLESS)IT IS OF NO LEGAL VALUE AND CAN NIT BE ENFORCED BY THE COURTS.

7 0
4 years ago
Which statement is TRUE regarding a 28-year old woman who inherits he grandfather's IRA? A. She may delay distributions until sh
frosja888 [35]

Answer:

C. She may receive distributions over her expected life

Explanation:

The deal that derives that if there is one inherits so IRA could be inherited from the spouse. In this case, the fund would remain in the IRA with no tax outstanding unless the spouse continues for taking the distributions it could be started by age 70 and half.

If we skip the given away option that implies the transfer the IRA in a Beneficiary Distribution Account. Also the distributions arise when there is a depletion over the five years

Since she is 28 years old so the expected life is for another 50 + years or more so it decreases the needed yearly distribution

Therefore the option C is correct

5 0
3 years ago
A household consists of a married couple and their two-year-old daughter. The couple's daughter had no income and lived with her
Elden [556K]

Answer:

3 is the answer

6 0
3 years ago
Read 2 more answers
Design or name any methods of internal controls you think could prevent or detect the unethical behavior in the future.
Maurinko [17]

Answer:

As we know the internal controls are not effective after a passage of time because there are familiarity threats which might result in the unethical behavioral implications. So to prevent or detect the management unethical behavior, we can do the following things:

Segregation of Duties

Checking the effectiveness of the internal control after every year or semi year.

Using only company bank account for all the payments and receipt.

Redesigning policies of the organization to ensure effective working of the internal controls.

Bank reconciliation at the month end

6 0
3 years ago
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