Which sentence applies the appropriate word usage?
a. I plan to hire additional personal next year.
b. My financial records are personnel.
c. Both of the above.
d. None of the above.
d.
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The capital account balances of a partnership are as follows: Sully, $30,000; Tony, $30,000; and Rally, $30,000 . If Pauly gives $36,000 cash to Rally to buy his partnership interest, the entry to record this transaction would include a
a. debit to Rally Capital, $30,000; b. debit to Rally Capital, $6,000; c. credit to Pauly Capital, $36,000; d. credit to Sully Capital, $2,000; e. debit to Cash, $36,000
Sam and Sandy have an agreement whereby Sam will build a house on Sandy's beachfront lot
Before construction begins, Sandy changes her mind and decides she would rather build an addition onto her home in Baltimore. She discusses this with Sam, and they agree that he would build the addition to her home and not build the beach house. In this case, Sandy and Sam have: A) Entered into an accord and satisfaction that will discharge the original contract only upon performance of the second contract. B) Entered into a substituted contract that will discharge the original contract upon formation of the second contract. C) Entered into a substituted contract that will discharge the original contract only upon performance of the second contract. D) Exercised a force majeure clause that will discharge the original contract only upon performance of the second contract.
List all of the fees that must be disclosed in the RESPA?required good faith estimate
In an action for breach of contract, the statute of limitations runs from the date on which the contract is breached
Indicate whether the statement is true or false