L
    Question 7
    LAWRENCE-93906 - 10/4/2018, 12:17 am
    Since the warranty only covers 12 months, why wasn't that taken into account?
    0
    U
    Why wrong
    user-4991 - 10/3/2018, 10:49 pm
    Why ans D is not correct?
    1
    P
    Current portion of long term debt is a short term liability?
    Priya-97885 - 10/3/2018, 2:20 am
    Should not the loan of $1mn be reported as current liability - it is due within 12 months and there is no agreement to refinance it.
    1
    S
    Treatment of bad debt expense?
    Sumit-Arora-22325 - 09/24/2018, 7:59 pm
    What should be the taxable income for year one. Shouldn't the bad debt expense for the year one should be deducted from sales revenues (500000-200000=300000) ? Please clarify
    3
    P
    Income computation
    Priya-97885 - 09/21/2018, 11:17 pm
    Crowell Co and its subsidiary are two different legal entities. How can the income earned in Ireland be taxed in US?
    1
    P
    Unilateral mistake
    Priya-97885 - 09/21/2018, 5:01 pm
    Knowing that the a membership for $12k is being offered for $1k - does not it amount to be a known mistake and make it voidable?
    2
    P
    Validity of contract
    Priya-97885 - 09/21/2018, 4:54 pm
    Under sales contract, if a buyer does not make a perfect tender (i.e the goods and delivery does not conform exactly to the contract without any defects), the buyer can reject them. In the given question, both the loads of truck were as per the requirement of the contract. Is Modern Driveways not liable for both loads?
    1
    M
    wrong answer
    Mari-33639 - 09/20/2018, 10:34 pm
    its 22$ not 21$
    4
    U
    consolidated balance report
    user-3353 - 09/20/2018, 6:56 am
    At the acquisit day, why the land doesn't use the fair value 3.0million(1.6million+1.4million)?
    3
    U
    Little report
    user-3353 - 09/20/2018, 1:41 am
    Why Little's land amount $700,000 will be attributed to Big?
    1
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