<u>Solution and Explanation:</u>
The Journal Entries in the books of Brock's water enterprise is as follows :-
Date Particulars and details Debit($) Credit($)
Jan 5, 2018 Intangible Assets - Lease 905861
Lease Payable 905861
(Being Record the Lease)
Jan 5, 2018 Lease Payable 125000
Cash 125000
(Being Record Down Payment)
Dec 31, 2018 Amortization Expenses ($905861divide 10) 90586
Accumulated Amortization 90586
(Being Record the amortization)
Jan 5, 2019 Lease Payable
62531
Interest Expenses
62469
Cash 125000
(Being Record the Second Lease Payment)
<em></em>Your answer is :<em>
B.</em>
The Hepburn Act.
Answer:
Moral obligation
Explanation:
Moral obligation -
it refers to the obligation , that are due to the activity being right or wrong , is referred to as moral obligations.
It is due to activity being injustice or unfair , in term of any activity .
These obligations are present in any company , society and organisation , to help people from any type of unfair practice or harassment .
Hence , from the given information of the question,
The correct term is moral obligation .
Answer:
The correct answer is: Wholly-owned subsidiary.
Explanation:
A Wholly-owned subsidiary is a company whose common stock is 100% owned by another company. When a company owns less than 50% of another company it holds a minority interest in that company. With a wholly owned subsidiary, the parent company can control all production, management, and profits but it also shares costs and responsibilities.
The most cost effective way for John to buy a house in the suburbs is:
a.Move to the suburbs and rent a house for one year before purchasing a home.
This is to test the waters. During this time, he has to acclimatize himself into living in a new environment. He has to discover the pros and cons of living in the suburbs compared to living in the city like travel time in going to work, etc.
If after a year, he finds its more beneficial to live in the suburbs, then he can buy a house there. On the other hand, if he finds it costly to live in the suburbs compared to living in the city, he simply has to pay the necessary rent and utility bills, pack up his bags, and go home.