Eldrick bought a certificate that allows him to apply for a tax deed after a certain period. what did eldrick purchase?

1 answer:

7 0

The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
The purchaser will obtain the right of the taxation account for the specific property and the tpayment will be transferred to the purchaser in the future

You might be interested in

Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right

Leto [7]

The 3 areas the Client Needs Assessment tool focuses on to help gather the information needed to select the right QuickBooks Online subscription for a client include <u>Who is the client?</u>

The other areas the tool focuses on to help gather information needed include the following:

What service does the Client need?
When does the client need their work completed?
Also, the Client Needs Assessment tool focuses on the area of "How will the client work be completed?"

Hence, in this case, it is concluded that the <u>Client Needs Assessment</u> tool focuses on the areas of "what, when, who, and how" to gather the right needed to select the right QuickBooks Online subscription for a client.

Learn more here: brainly.com/question/13136031

8 0

1 year ago

Kohl Co, provides warranties for many of its products. The January 1, 2019, balance of the Estimated Warranty Liability account

Brums [2.3K]

Answer and Explanation:

The computation is shown below;

a. For Warranty Expense

= Sales × Estimated Warranty Percentage%

= $4,144,400 × 0.87%%

= $36,056.28

The amount that should be reported is

Opening Balance of Estimated Warranty Liability Jan. 1, 2019 $42,635

Less: Actual warranty costs in 2019 ($26,750)

Add: Warranty expense accrued in 2019 $35,056

Closing Balance of Estimated Warranty Liability Dec. 31, 2019 $50,941

8 0

2 years ago

Cash Short and Over Entries 1. Based on the information, prepare the weekly entries for cash receipts from service fees and cash

Harrizon [31]

Answer:

Explanation:

The journal entries are shown below:

On April 2

Cash A/c Dr $266.50

Cash short and over A/c Dr $2

To service fees revenue A/c $268.50