Henry contracts with irving to buy a certain coffee shop

Assignment Help Accounting Basics
Reference no: EM131018605

1. Henry contracts with Irving to buy a certain coffee shop, Java Java, for Irving, who asks Henry not to reveal his identity. Henry makes a deal with Kenneth, the owner of Java Java, and makes a down payment. Irving fails to pay the rest of the price, and does not pay Henry for his services. Does Henry have any recourse against Irving? If so, on what basis and to what extent? Explain fully. 

Reference no: EM131018605

Questions Cloud

How should devers respond to adkins''s request : Should Devers's knowledge of the compensation plan be a factor that influences her estimate?
Which of the following audit tests would best confirm : Which of the following audit tests would best confirm the validity of the client's bank reconciliation? Confirmation, Cutoff statement, Reperformance, Sampling
Identify the contemporary challenges to good governance : Identify the contemporary challenges to good governance as well as political, social, and economic forces as they impinge on the governance function for nonprofits, e.g. earmarks, Sarbanes-Oxley
What is their value to case analysis : 1. Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?2. What are common-size financial statements? What is their value to case analysis? How are they calculated?
Henry contracts with irving to buy a certain coffee shop : Does Henry have any recourse against Irving? If so, on what basis and to what extent? Explain fully.
How should eec tie performance measures to compensation : Define the elements that might be presented in a balanced scorecard.
Write chapter summary of rise of worlds largest middle class : Write a chapter summary of The rise of the world's largest middle class and what it means to you. Bestseller Press, 2010. Chapter 4. A New Economic Engine. Only Chapter 4!!
Discovery communication and collaboration tools : Discovery, communication and collaboration tools provide indirect support to decision making, however there are several other information technologies used to directly support decision making. Every DSS consists of at least data management, user inte..
Discuss the tax implications of each type of transaction : Although partnerships are flow-through entities, partner-partnership, partner-partner, and partner-external party transactions may have tax implications. Discuss the tax implications of each type of transaction.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The note requires equal total payments each year

On November 1, 2013, Norwood borrows $ 200,000 cash from a bank by signing a five year installment note bearing 8% interest. The note requires equal total payments each year on October 31.

  Transactions with related entities-some

It is common for an entity to have transactions with related entities-some of which are fully owned, some of which share common ownership but are not otherwise related, and others wher ownership is small but there is control.

  What is the value of t capital if t is acquired by f

What is the value of T's capital if T is acquired by F Corporation?

  The setting of standards is critical to the effective use

the setting of standards is critical to the effective use of standards in evaluating performance.explain the following

  Initial investment outlay of 25 million comprised of 20

felicia amp freds executive board has asked you to change the decision model previously completed to reflect the

  What number of visits is required to break even

Construct the clinics projected P&L statement - what number of visits is required to break even?

  Machinery purchased for 100000 by deer co in 2010 was

machinery purchased for 100000 by deer co. in 2010 was originally estimated to have a life of 10 years with a salvage

  Example of a significant accounting estimate

What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates? Why?

  Investment securities can be classified as hold to maturity

investment securities can be classified as hold to maturity available for sale or trade. the specific classification

  Experimental stem cell technique currently being used

Describe one other experimental stem cell technique currently being used in organ transplantation

  The peace barber shop employs four barbers one barber who

the peace barber shop employs four barbers. one barber who also serves as the manager is paid a salary of 1800 per

  Contemplating expanding sales

Toy Box, Inc., is contemplating expanding sales of their children's toys. The have an opportunity to stock and sell the X toy that has been a big hit with children everywhere. They must order the X toys from the manufacturer in a minimum order of ..

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