Gilly agrees to buy Howard's Bakery on the express condition that the bakery's suppliers extend the same credit terms to Gilly that the suppliers currently extend to Howard. This approval is
A) a concurrent condition

B) a condition precedent.
C) a condition subsequent.
D) an implied condition.


B

Business

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Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used.

A) debit Manufacturing Overhead, $80,000; credit Work-in-Process Inventory—Mixing, $80,000 B) debit Work-in-Process Inventory—Coloring, $80,000; credit Manufacturing Overhead, $80,000 C) debit Work-in-Process Inventory—Coloring, $50,000; credit Manufacturing Overhead, $50,000 D) debit Manufacturing Overhead, $50,000; credit Work-in-Process Inventory—Mixing, $50,000

Business

Valve Corporation has the following pension information for the year ended December 31 . 2014: Service cost $ 225,000 Contributions to the plan 240,000 Actual return on plan assets 210,000 Projected benefit obligation (beginning of year) 2,700,000 Market-related and fair value of plan assets (beginning of year) 1,800,000 Assuming the expected return on plan assets and the settlement rate are both

1 . percent, what amount should Valve report for pension expense for 2014? a. $225,000 b. $285,000 c. $315,000 d. $495,000

Business

The questioning of prospective jurors to determine their impartiality is called interrogation

Indicate whether the statement is true or false

Business

Special relations between the parties, such as babysitter and child, may impose a duty of reasonable care to aid or protect the child in situations where the duty would not otherwise exist

Indicate whether the statement is true or false

Business