Answer and Explanation:
In the 1st Scenario, money is used as a unit of account, which means it is used to exchange goods or services.
In the 2nd Scenario, money is used for future saving or future use, so it is included in the Store of value.
In the 3rd Scenario, money is used for the purchase of food, So it is called the medium of exchange.
Answer:
1. Subrogation
Explanation:
PAYMENT BY SUBROGATION
Also called Oblique or indirect Action is one that allows creditors to exercise all the rights and actions of their debtor, with the exception of those inherent in their person; Its purpose is the defense, by judicial means, of its own pecuniary interests.
The subrogation payment occurs when a person other than the debtor pays the obligation and because of that payment the initial creditor transmits to him the rights he had as a creditor. It is a kind of personal subrogation because the third party is placed in the same legal position as the creditor.
Answer:
$135million
Explanation:
The Deferred tax liability which isaac would report in its year-end 2021 balance sheet = Temporary difference for installment sales to be reversed in 2022, 2023, 2024 and 2025 * Tax rate
= ($120m + $120m + $150m + $150m) * 25%
= $540 million * 25%
= $135 million