Divorce based on irreconcilable differences

Assignment Help Financial Accounting
Reference no: EM131257452

Mrs. Barnes had a prenuptial agreement with her husband that if there were a dissolution of the marriage on any grounds other than agreed upon irreconcilable differences, the husband would forgo any monies or assets left to her by her parents’ estate. Now Mrs. Barnes has found out that her husband has had an affair. Mr. Barnes claims they need to divorce based on irreconcilable differences. Which professional might help Mrs. Barnes, a fraud examiner or a forensic accountant and on what basis? A forensic accountant because there will be financial damages involved A fraud examiner because Mr. Barnes had expenses involved with the infidelity A fraud examiner because Mrs. Barnes is proving default on a contract A forensic accountant because Mr. Barnes will receive a portion of the estate.

Reference no: EM131257452

Questions Cloud

Concern for firms and business owners : Should the changes effects of a decrease in money supply to market interest rate be of any concern for firms and business owners? Explain.
Define sales and operations planning : Define sales and operations planning. -  Why are S&OP teams typically cross-functional? -  Define aggregate planning.
The investigative approach for a forensic accountant : The investigative approach for a forensic accountant is based on which of the following? (Points : 2) Methods following generally accepted auditing standards Methods following the Sarbanes Oxley Act Methods to determine who is responsible Methods to ..
Fraud examination and financial forensics interrelated : How are auditing, fraud examination, and financial forensics interrelated? All may involve litigation support All may involve gathering evidence All use similar investigative techniques All are impacted by the SOX Act
Divorce based on irreconcilable differences : Mrs. Barnes had a prenuptial agreement with her husband that if there were a dissolution of the marriage on any grounds other than agreed upon irreconcilable differences, the husband would forgo any monies or assets left to her by her parents’ estate..
Define the terms subject matter jurisdiction : Explain the 3 different types of personal jurisdiction, which you have learned from your reading, research, and lectures. The three types of personal jurisdiction are personam jurisdiction, in rem jurisdiction, and quasi in rem jurisdiction. Provi..
What is probability that they will run out of raw material : What is the probability that they will run out of raw material? - How many gallons of demand on average would remain unfulfilled?
Complete separate search on historical us unemployment rates : Complete a separate search on historical U.S. unemployment rates for the past 40 years. Does the relationship persist throughout the 40-year period or are there times when there are exceptions?
Employer responsibilities for reporting payroll taxes : A company's stock is selling for $48.30 per share at year-end. This current year it paid shareholders a $2.90 per share cash dividend, reported earnings per share of $11.00, and had 750,000 common shares outstanding at year-end. Calculate the company..

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Incorporated dental practice

Jim Haught, D.D.S., opened an incorporated dental practice on January 1, 2014. During the first month of operations,

  What is the average before tax profit of a round trip flight

Michael Bordellet is the owner/pilot of Bordellet Air Service. The company flies a daily round trip from Seattle's Lake Union to a resort in Canada. In 2016, the company reported an annual income before taxes of $120,403, although that included a ded..

  Necessary journal entries for the reconciliation

The ending balance of the Western Flyers cash account is $12,875.00 - Complete a bank/account reconciliation and write any necessary journal entries for the reconciliation.

  Expenditures for research and development

Expenditures for research and development intended to lead to new products of commercial value

  Explain some of the metrics the hr

Explain  some of the metrics the HR can employ to ensure improved customer services and ensure there is best customer services and satisfaction.

  Implementation of the matching principle

Implementation of the matching principle dealing with expenses creates a problem.

  Evaluate the cost of goods sold using the current

Evaluate the cost of goods sold using the current, Acid test ratio and current liabilities and evaluate the owner's equity.

  Declaring and paying cash dividends

Austin, Inc., acquired 10 percent of McKenzie Corporation on January 1, 2014, for $233,600 although McKenzie’s book value on that date was $1,800,000. McKenzie held land that was undervalued by $161,000 on its accounting records. During 2014, McKenzi..

  Prepare the journal entry to record the sale of the bonds

Prepare the journal entry to record the sale of the bonds. Calculate the amount of the semiannual interest payment.

  The advancement of women in management

The advancement of women in management:

  Monthly financial statements

Andy is the new owner of Computer Services. At the end of July 2012, her first month of ownership, Andy is trying to prepare monthly financial statements. She has the following information for the month.

  What types of receivables are there

Receivables. What types of receivables are there? What internal controls could be in place to protect receivable management? How can uncollectable accounts be written off?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd