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Tju [1.3M]
3 years ago
5

A lease for a period of more than one year must be in writing to comply with the __________ . (a) leasehold estate (b) statute o

f frauds (c) landlord and tenant act (d) tar residential lease
Business
1 answer:
Yakvenalex [24]3 years ago
7 0

(b) Statue of frauds

<span>Statue of frauds is generally the requirement of particular contracts to be in writing and signed by all parties involved in an agreement. In the context of real estate, the statue of frauds protects tenants from unfair eviction or tenancy termination. Similarly, it protects property buyers from sellers’ “change of mind” or refusal to sell the property on the grounds that the seller obtained a higher offer price from another interested buyer. However, there are exemptions to the statue of frauds which vary from state to state. </span>

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Raspberry Company's actuary has computed its prior service cost to be $8,000,000. Raspberry amortizes the prior service cost by
Andrews [41]

Answer: $910,000

Explanation:

Pension expense is calculated by the formula:

= Prior Service cost  for the year+ Service cost + Interest cost - Expected return on plant assets

Prior Service cost = Prior service cost / Service life of active employees

= 8,000,000 / 20

= $400,000

Expected return on plan assets = Plan assets * Interest rate

= 1,500,000 * 10%

= $150,000

Pension expense = 400,000 + 560,000 + 100,000 - 150,000

= $910,000

3 0
3 years ago
A typical source document could be Question 8 options: A) a computer data entry screen. B) the company's financial statements. C
Simora [160]

Answer:

Both A and B  

Explanation:

The original record that contains details that substantiates or supports the original document which will be entered in accounting system is called source document.  

They describe basis facts such as amount, purpose and date.

Cancelled checks, credit card receipts and supplies invoices, cash register tapes are examples of source documents.

7 0
3 years ago
A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised
olga55 [171]

Answer:

Allocated cost of land  = $42,080

Explanation:

Given:

Total Cost of asset is $100000.

Computation:

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Total apprised value = $125,000

Allocated cost of land  = [$52,600 / $125,000]$100,000

Allocated cost of land  = $42,080

The allocated cost of land would be $42,080

4 0
2 years ago
1 plus 1 . If this is too hard dont worry about it
kompoz [17]

Answer:

too hard to figure out.

Explanation:

8 0
3 years ago
Read 2 more answers
In 2016, teller company sold 3,000 units at $600 each. variable expenses were $420 per unit, and fixed expenses were $240,000. w
Nadusha1986 [10]
1. 3000 x 600 = $1,800,000
2. 3000 x 420 = $1,260,000

1. - 2. - F = $300,000
5 0
3 years ago
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