Pepsico entered into a contract to sell its corporate jet to klein for $4.6 million. before the deal closed, the plane was sent to pick up pepsico's chairman of the board, who was stranded at dulles airport. the chairman then decided that the company should not part with the plane. klein sued pepsico for specific performance, arguing that he could not find a similar jet on the market for that price. should a court force pepsico to sell its plane? to require the mitigation of damages?

What is the best definition of a conclusion?

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.