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Ksju [112]
2 years ago
6

Due to the subdividing of lots on the lake, Jim's property is surrounded on three sides by Louise's property. The only other bou

ndary is the lake. Jim can only get to his home by driving up Andrea's driveway and behind her lake home to get to his own. How was the easement in this situation created?
Business
1 answer:
Aleks [24]2 years ago
3 0

Answer:

easement was created of necessity

Explanation:

In the situation being described the easement was created of necessity. An easement of necessity refers to the right of an individual to use the property of another due to there being no access to a public right of way to and from the individual's own property, just like in this scenario. Since Jim has no other way of getting to and from his home then he has a necessity of passing through his neighbor's property.

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Commercial advertising campaigns often seek to spin information on products. For example, a car manufacturer might say a particu
Oksi-84 [34.3K]

Answer:

D)ethical domain

Explanation:

Ethical domain can be regarded as behavioural domains that address right or wrong conducts. Ethical domain extends on domains such as reason, the consequences as well as the action taken.

Therefore in the case of this Commercial advertising campaigns as described in the question, The decision to deliberately obscure potentially important information is best described as being in ethical domain

7 0
2 years ago
"Ayres Services acquired an asset for $80 million in 2021." The asset is depreciated for financial reporting purposes over four
Greeley [361]

Answer:

a. The cumulative temporary book-tax difference for the depreciable asset are as follows:

December 31, 2021 = $60 million

December 31, 2022 = $40 million

December 31, 2023 = $20 million

December 31, 2024 = $0

b. The balance to be reported in the deferred tax liability account are as follows.

December 31, 2021 = $15 million

December 31, 2022 = $10 million

December 31, 2023 = $5 million

December 31, 2024 = $0

Explanation:

Note: See the attached excel file for the calculation of cumulative temporary book-tax difference for the depreciable asset and the balance to be reported in the deferred tax liability account for December 31 of years 2021, 2022, 2023 and 2024 in bold red color.

In the attached excel file, the following formula are used:

Cumulative Temporary differences at December 31 of the current year = Cumulative Temporary differences at December 31 of the previous year + (Depreciation on the tax return at December 31 of the current year - Depreciation on the income statement at December 31 of the current year)

Balance to be reported in deferred tax liability account at December 31 of the current year = Cumulative Temporary differences at December 31 of the current year * Tax rate

Download xlsx
3 0
2 years ago
The brand resonance model Select one: a. traces the value creation process for brands b. describes how to create intense, active
Vitek1552 [10]

Answer:

The answer is b) describe how to create intense and active loyalty relationships with customers.

Explanation:

The resonance model refers to the nature of the consumer's relationship with the brand, and the degree of synchronization that the consumer has with the brand. It is about answering questions that serve to define as a brand/company, questions that deepen issues of how the company is perceived by the target audience and will be the differential point that will generate the correlation of mutual interests with the brand and the consumer.

7 0
2 years ago
Jason bought a car for $40,000 upon graduation from college with an engineering degree and a very good job offer. A down payment
Studentka2010 [4]

Answer:

Explanation:

The cost of the car = $40,000

Down payment = $5,000

Therefore loan amount on the car = Cost of the car - Down payment

= $40,000 - $5,000

= $35,000

But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount

Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100

Now we can use PV of an Annuity formula to calculate the monthly payment of car loan

PV = PMT * [1-(1+i) ^-n)]/i

Where PV = $37,100

PMT = Monthly payment =?

n = N = number of payments = 60 months

i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month

Therefore,

$37,100 = PMT* [1- (1+0.005)^-60]/0.005

PMT = $37,100/51.72

= $717.38

Therefore correct answer is option A. $717.38

5 0
2 years ago
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping Corporation's voting shares, at underlying book value.
ArbitrLikvidat [17]

Answer:

Explanation:

The first step is to determine the income to be carried forward:

The diagram is attached.

Therefore, the amount of consolidated retained earnings is (a.) $235,000

4 0
2 years ago
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