What was Brady Brothers cash basis income? Cash basis income: $6,000 (cash received) - $5,000 (cash paid) = Answer: $1,000 Question 3: What was Brady Brothers accrual basis income? Accrual basis income: $12,000 (revenue earned) - $8,000 (expenses incurred) = Answer: $4,000 Question 4: Anderson Company’s balance sheet at the end of the year revealed the following information: Clients owe Anderson Company $35,300 for completed projects. Anderson Company owns office equipment totaling $95,500. Anderson Company owns $5,000 of material used on various client projects.
As occurred in this case by the fact that the incorporation would be filed until November 1. In general on pre-incorporation contract, the promoters would be liable on a contract he makes for the benefit of a no-yet-formed. But also, because Goodman informed the managing partners of DDS that he would be forming a corporation, the promoters are not personally liable for pre-incorporation contract where the other party
Probable Cause Article Summary In order to issue to a search warrant, a judge must sign the order and authorize and obtain the specifics along with the location. The search warrant is only good for the specified location, so if the warrant specifies the garage at a certain address, authorities cannot search the inside of the home as well. In an article published online regarding the Trayvon Martin case, Reverend Al Sharpton stated he was enforcing the arrest of George Zimmerman regarding the released videos that gave probable cause to arrest him “for obstruction of justice and for filing a false police report if in fact he told police he sustained a broken nose and other injuries” (EurPublisher, 2012). Warrant requirement exceptions can be anything from roadside sobriety checkpoints, which have been court approved but must be done in a fair and organized manner. “For example, it makes little sense to require an officer to obtain a search warrant to seize contraband that is in plain view.
To successfully invoke this defense, the purchaser or occupier had to establish that it had no reason to know that the property was contaminated. Since the problem with brownfields is the existence or suspicion of contamination, the defense was largely unavailable to prospective developers or tenants of brownfield sites. To eliminate this obstacle to redevelopment of brownfields, the Brownfield Amendments created the BFPP defense for landowners or tenants who knowingly acquire or lease contaminated property after January 11, 2002. Only those parties that qualify for the BFPP defense are potentially subject to the windfall lien. To qualify for the BFPP, the owner or tenant must establish by a preponderance of the evidence that it has satisfied the following eight conditions: • All disposal of hazardous substances occurred before the purchaser acquired the facility.
However, Block argument that dissolution of the firm releases him from any liability in malpractice occurring after dissolution, but dissolution does not discharge anyone from obligations previous to the dissolution, only to obligations happen after the dissolution. His argument can be effective if he is in normal business relationships between partnerships and third persons. However, the court stated that the relationship between a law partnership and its clients is not a normal business relationship; it is a trust relationship and requires a high degree of reliability and good
Written Assignment 1 - Due 8/7/11 In the story concerning James and Stan, there were several facts mentioned which I will list below. 1) James lives in Maryland and runs his business from Virginia 2) Stan lives in Virginia and works in Maryland. 3) Stan hires James to paint his house - there is a contract and a down payment was made. 4) James committed to start the job as soon as he could. 5) It has been 3 months since the agreement and work still has not begun.
§59 Requisites of a Will (Vernon 1980), is there sufficient evidence to support that Mr. Goldschmidt’s will is invalid. The Petitioner alleges that the will is contestable due to the method of preparation and signature. CONCLUSION In conclusion, I believe Ms. Goldschmidt can bring an action against Ms. Richardson in the matter of Mr. Goldschmidt’s will. Because Mr. Goldschmidt’s will was not entirely handwritten, or not entirely typed wholly, this could be grounds for the will to be deemed invalid. Also there are no subscribing or “credible” witnesses that executed Mr. Goldschmidt’s
Statement of Facts Bob (“plaintiff”), who lives in Los Angeles, CA, generously loaned three different individuals three different amounts of money. Twenty-four months ago plaintiff loaned Dan (“defendant 1”) $55,000.00. Dan signed a promissory note stating he would repay the loan in 18 months. Dan has not paid anything, defaulting on his loan. Fourteen months ago, Bob loaned Cathy (“defendant 2”) $7,000.00.
This means decorating their bedroom to their liking and surrounding them with their own belongings where possible. We will discuss with family and wishes expressed by the resident to them regarding how they want their death to be handled. Agreed ways of working provide guidelines for dealing with an issue as difficult as death in a way that is respectful to everyone concerned while meeting the individual’s physical and psychological needs. 1.2 At Hafan-Y- Waun we have an end of life plan that is ideally discussed with every individual in our care. This may not always be possible and it must be handled with much sensitivity.
You decide week 6 The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock. Since the tax identity of Smithon corporation would have not ceased, it is not