Fritz evans is the owner and operator of be-the-one, a motivational consulting business.
at the end of its accounting period, december 31, 2013, be-the-one has assets of $395,000
and liabilities of $97,000. using the accounting equation, determine the following amounts:
a. owner's equity as of december 31, 2013.
b. owner's equity as of december 31, 2014, assuming that assets decreased by $65,000
and liabilities increased by $36,000 during 2014.
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Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Reqwest llc agrees to sell one hundred servers to social media networks, inc. the servers, which social media networks expressly requires to have certain amounts of memory, are to be shipped “f.o.b. social media networks distribution center in tampa, fl.” when the servers arrive, social media networks rejects them and informs reqwest, claiming that the servers do not conform to social media networks’ memory requirement. a few hours later, the servers are destroyed in a fire at social media networks’ distribution center. will reqwest succeed in a suit against social media networks for the cost of the goods?

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?