Explain, in simple terms, the relationship between a server and a client
What will be an ideal response?
At its simplest level, a server is a device that provides services and resources to other devices, called clients. A client is a device that requests services and resources from servers.
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FASB's Emerging Issues Task Force assists and advises the FASB by identifying and addressing timely but more narrow and specific standard setting issues
Indicate whether the statement is true or false
A principal works on behalf of an agent
Indicate whether the statement is true or false
The partners of Donald, Chief & Berry LLP decided to liquidate on August 1, 2018. The balance sheet of the partnership is as follows, with the profit and loss ratio of 25%, 45%, and 30%, respectively. The partners do not expect to incur further liquidation expenses.DONALD, CHIEF, & BERRY LLPBalance SheetAugust 1, 2018AssetsLiabilities & Partners' CapitalCash$60,000 Trade accounts payable$130,000Loan receivable from Donald 40,000 Loan payable to Chief 60,000Other assets 500,000 Donald, capital 140,000 Chief, capital 160,000 Berry, capital 110,000Total$600,000 Total$600,000??A portion of the Other Assets with a carrying amount of $200,000 were sold for $140,000, and all available cash was distributed.?Prepare the journal entry for Donald, Chief & Berry LLP on
August 1, 2018, to recognize proceeds from the sale of Other Assets. What will be an ideal response?
Peter has been subjected to an unreasonable amount of noise from his neighbor, who constantly plays his stereo at full volume. Peter is angry about his neighbor, but he is even angrier about the excessive pollution being emitted by a local factory that
burns old tires in direct violation of a state statute prohibiting such conduct. Do the acts of Peter's neighbor and the factory constitute nuisances? If they do, give Peter assistance on any possible courses of action to eliminate the problems.