A buyer is concerned that new construction a mile away could have a negative environmental impact on the home they are considering purchasing. Can they make the Contract to Buy/Sell contingent on the result of an environmental impact report?

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Answer 1
Answer:

Answer:

Yes,they can make the contract to buy/sell contingent on the result of an environmental impact report

Explanation:

Being cautious of the welfare of the local community is an example of ethical consideration in business in some countries,while it is a legal and ethical consideration in some other countries, especially the advanced nations of the world.

Little wonders how the cleanup of the contamination caused by BP in 2010 cost the company about $65 billion in restoration and clean up,legal fees  as well as  settlements paid to affected parties.

Businesses must as point of duty have regard for environmental impact and footprints


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A lawyer rented an office building for his law practice and subleased most of the building to three other tenants. The lawyer paid $2,000 per month to the owner and charged his subtenants $600 per month each. After having been in the building for three years, the lawyer and the owner orally agreed that the lawyer would purchase it for a price of $120,000, to be paid in monthly installments of $2,000 over a five-year period. It was further agreed that title would remain in the owner's name until $48,000 had been paid on the total price, whereupon the owner would deliver a deed to the lawyer. Shortly thereafter, the lawyer spent $4,000 redecorating his suite. During the course of the next two years, the lawyer hired an associate and placed her in one of the offices formerly occupied by one of the subtenants, and raised the monthly rental he charged the other two subtenants to $700. Two years after the agreement with the owner, the lawyer demanded that the owner convey the building by delivery of a deed. The owner refused, denying that any oral agreement for sale had ever existed. The lawyer brings an action for specific performance against the owner, who pleads the Statute of Frauds as a defense. If the owner wins, what is the likely reason
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Which of the following items is not classified as other comprehensive income (OCI)? a) Extraordinary gains from extinguishment of debt. b) Prior service cost adjustment resulting from amendment of a defined benefit pension plan. c) Foreign currency translation adjustments. d) Unrealized gains for the year on available-for-sale debt securities.

A parent company is a company that​ ________. A. has any level of investment in another company B. is controlled by another corporation C. is the first to begin operations in an industry D. owns a controlling interest in another company

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correct answer for this would be (C. Is the fist to begin operations in an industry)

Are you able to get a free credit report once a year from each credit bureau

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Answer. You're entitled to one free copy of your credit report every 12 months from each of the three nationwide credit reporting companies.

According to the Truth in Lending Act, which of the following is the bank NOT obligated to inform you of? A.APY B.Interest calculating method C.APR D.Annual fee amount

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According to the truth in lending, Act bank is not obliged to inform about methods of calculating Interest, thus the correct answer is B.

What is a bank?

The bank is referred to as a financial institution that helps in depositing and borrowing funds with the purpose of investment and future saving. They help individuals to manage their wealth by offering various plans and schemes.

Truth in Lending Act safeguards from credit invoicing and unfair practices related to a credit card. it also provides information on loan costs to the lender. It encourages consumer to compare loans and credit cards from other companies.

Therefore, option B calculating the interest method is the appropriate answer.

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According to the Truth in Lending Act, which of the following is the bank NOT obligated to inform you of?

Answer: Out of all the options presented above the one that represents what banks are not obligated to inform you of is answer choice B) Interest calculating method. The reason being that the TILA does not tell financial institutions how much interest they may charge or whether they must grant a consumer a loan.

I hope it helps, Regards.

In 1 or 2 sentences, define intellectual property and list the four ways that the government provides intellectual property rights.

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Intellectual Property is protected by law, for example, patentscopyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.

The main types of intellectual property include copyright, trademark, and patent. In some countries, "related rights" or "neighboring rights" are a significant subset of copyright; patents can be divided into utility, design, and plant patents, depending on what they protect; trade dress is an important subset of trademark.

Kinda wordy but I hope this can help!

The market analyst of a chain megastore bakery, called More Dough, asks you to find out why people are choosing to go to smaller bakeries rather than their megastore in the same area. The analyst asks you to visit the smaller bakeries and observe the consumers and owners. After you observe and gather data, you are to bring your findings to a group of researchers who will establish controlled variables and conduct a series of experiments.

Answers

Answer:

The market analyst is requesting you to perform a formal research.

Explanation:

Formal research is a research style used by researchers (and students) that uses a very formal structure in order to carry out a scientific research (or very similar type). Formal research obtains and analyzes data in a controlled and systematic manner, that tries to avoid subjective bias and focuses on objective information.

Explain the different categories of financial assets (such aspassive investments) and their measurement under IFRS and ASPE.
Note: Use IFRS 9 as the IFRS source.

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Answer:

Financial assets are instruments that represent a claim to the economic benefits of an entity. They can be categorized into various classes based on their nature and purpose. Two common categories of financial assets are "passive investments" and "loans and receivables." I'll explain each category and their measurement under both IFRS (using IFRS 9) and ASPE (Accounting Standards for Private Enterprises).

1. Passive Investments:

Passive investments are financial assets that an entity holds to earn returns on the investment, such as dividends, interest, or capital appreciation. They are typically acquired with the intent of holding them for the long term rather than actively trading them.

Measurement under IFRS 9:

Under IFRS 9, passive investments are classified into two main categories:

a. Fair Value Through Other Comprehensive Income (FVOCI): Passive investments can be designated at initial recognition to be measured at fair value through other comprehensive income. Changes in fair value are recognized in other comprehensive income, and only accumulated gains or losses are recognized in the income statement upon derecognition or impairment.

b. Fair Value Through Profit or Loss (FVTPL): Alternatively, entities can choose to measure passive investments at fair value through profit or loss. Changes in fair value are recognized directly in the income statement.

Measurement under ASPE:

Under ASPE, the equivalent category to FVOCI is "Available-for-sale financial assets," and the equivalent to FVTPL is "Fair value through profit or loss." The measurement and recognition principles are generally similar to IFRS, with some differences in terminologies and specific requirements.

2. Loans and Receivables:

Loans and receivables are financial assets that involve contractual rights to receive cash or another financial asset from another entity. They arise from lending money, providing goods or services on credit, or holding accounts receivable.

Measurement under IFRS 9:

Under IFRS 9, loans and receivables are initially measured at their transaction price, which usually includes transaction costs. Subsequently, they are measured at amortized cost using the effective interest rate method, unless they are determined to be impaired.

Measurement under ASPE:

ASPE has a category called "Loans and receivables," which is similar to IFRS's classification. Loans and receivables under ASPE are also initially measured at the transaction price, including transaction costs, and subsequently measured at amortized cost using the effective interest rate method, unless they are impaired.

It's important to note that while both IFRS and ASPE have similarities in the classification and measurement of financial assets, there might be some differences in terminology, presentation, and specific requirements. Additionally, the standards and their interpretations may change over time, so it's crucial to refer to the most up-to-date versions of IFRS 9 and ASPE for accurate information.

Explanation:

Final answer:

The different categories of financial assets under IFRS and ASPE are financial assets at fair value through profit or loss, financial assets at amortized cost, and financial assets at fair value through other comprehensive income.

Explanation:

Financial assets are resources that hold monetary value and can be classified into different categories based on their characteristics and purpose. Under International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE), financial assets are categorized into three main groups: financial assets at fair value through profit or loss, financial assets at amortized cost, and financial assets at fair value through other comprehensive income.

Financial assets at fair value through profit or loss: These assets are held for trading purposes or are designated as such by the entity. They are measured at fair value, with changes in fair value recognized in profit or loss. Financial assets at amortized cost: These assets are held to collect contractual cash flows and are measured at amortized cost using the effective interest method. They include loans, receivables, and held-to-maturity investments.

Financial assets at fair value through other comprehensive income: These assets are neither held for trading nor held to collect contractual cash flows. They are measured at fair value, with changes in fair value recognized in other comprehensive income.

Under IFRS, the measurement of financial assets is primarily based on their classification. IFRS 9 provides guidance on the classification, measurement, and impairment of financial assets. ASPE, on the other hand, follows a similar approach to IFRS but with some differences in terminology and specific requirements.

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