Answer:
1.
April 30
No entry required
This is because Cruz's attorney is certain it is remote that Cruz will lose this lawsuit.
June 30
DR Warranty Expense $14,400
CR Warranty Liability $14,400
Working = 360,000 * 4%
= $14,400
July 28
DR Warranty Liability $6,400
CR Cash $6,400
September 30
DR Lawsuit Loss A/c $150,000
CR Lawsuit Loss Liability $150,000
December 21
DR Warranty Expense $20,000
DR Warranty Liability $20,000
Workings ( Original question says 4%.)
= 4% * 500,000
= $20,000
2. Balance on Estimated Warranty Liability Account
June 30 14,400
July 28 (6,400) -
Dec 21 20,000 +
= $28,000 Credit
All of them. You want people to be kind, focused, work together, and be smart.
OK THE COMARE IS THAT YOU DONT KNOW AND THE REST IS NOTHING
The thing which would happen if the United States government<em> </em>lowers the income taxes on the wealthiest Americans, while decreasing welfare payments to the poorest Americans is:
- There will be an increase in efficiency and a decrease in equality in the United States.
<h3>Equality</h3>
This refers to the system where members of a society have <em>equal access</em> to the basic amenities of society where they are and nobody is neglected and there is the abolition of social class.
With this in mind, we can see that when there is a decrease in taxes for the wealthiest Americans and reduction in welfare for the poorest Americans, then this would lead to increase in efficiency and also a decrease in equality.
Read more about equality here:
brainly.com/question/463498
