Liability

sections it should be captured such as revenue/expenses, or assets/liability/equity. Synopsis of my findings: • The money paid to the Poland Springs water delivery man should be recorded on the income statement because it was money spent within the reporting period which is considered an expense (SEC, 2007). • The holiday gifts belongs on the income statement because it was money paid out which is…

plaintiff is a girl estimated to be about 20 years old. She reacted very negatively when she first got out of her car, but calmed down after Mr. Fuller excepted responsibility for the accident and asked her if she was okay. ○ Liability: This is a case of clear liability as the insured defendant failed to yield the right-of-way to the plaintiff’s vehicle in the right lane.…

Topic - Evaluation of Emotional Distress in Tort Case: Legal Framework The two parties seen in tort cases are the plaintiff and the defendant (Fotte & Lareau, 2013). The plaintiff is the person who has filed an alleged tort whereas the defendant is the person who has caused harm to the plaintiff (Fotte & Lareau, 2013). In civil lawsuits there are three types of relief they are monetary compensation, specific performance, and an injunction (Fotte & Lareau, 2013). An injunction refers to…

Pippa would be suing Flowerdews for Breach of s.13 Supply of Goods and Service Act.Pippa would also be suing for a breach of s.14 (2) and (3) Sales of Good Act 1979 there is also a possible claim of negligence on behalf of the Flowerdews Delivery man (Bob) for the negligent assembling of the shed. The person wishing to rely on the exclusion clause must show that it formed part of the contract. An exclusion clause can be incorporated in the contract by signature, by notice, or by a course of…

from Start-up $275,000 Additional Cash Raised $0 Cash Balance on Starting Date $275,000 Total Assets $9,178,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $6,978,000 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $6,978,000…

The fraud perpetrated at Rite Aid could have been detected through the reconciliation of liabilities with monthly statements from the creditors. By reconciling the liabilities with the vendors’ statements, the auditors would have been able to detect any omission of liabilities or the reversal of expenses as was the case at Rite Aid. Also, the auditors could have used analytical procedures such as ratios for the year of audit and compared it to prior periods to detect unusual patterns or trends.…

and workers simply look past it without looking further into it. These beliefs are not based on experience, as there are no documented cases of criminal or liability charges against food donors who have donated food that later caused harm to another person. A great deal of producers and sellers do not realize they have protection from liability charges by the Bill Emerson Good Samaritan Food Donation Act. The Bill…

employees from accessing the internet. I employ that we reexamine the internet usage to ensure that at XYZ, Inc. we fully comprehend the ethical/liability issues that surround internet usage. I further advise that we assess the internets present liability. In which, it will allow to establish a purpose to prevent fraudulent activity, possible torts, crimes, liability of the corporation/individual, privacy rights, social media and employment laws and other risk the internet might bring to XYZ,…

Assignments ACC/400 Chapter 10 1. Georgia Lazenby believes a current liability is a debt that can be expected to be paid in one year. Is Georgia correct? Explain. Yes Georgia is correct because a current liability is a short-term liability that is to be paid within the accounting cycle which is one year or less. 7. (a) What are long-term liabilities? Give two examples Long term liabilities are company obligations that extend beyond the current year, or…

The notion of liability of the employer is the secondary analysis made regarding hostile environment. To initiate, one must be acquainted with instances in which employers are or are not liable for a claim if hostile environment based on sexual harassment and sex discrimination. The first question one should ask, as described in Burlington Industries v. Ellerth, is who is the alleged offender, a co-worker or a supervisor? In further detail, what constitutes a supervisor? The latter question can…