Kai offers to sell a rare book to penny for $1,000. penny wants to do more research first, but gives kai $10 to hold the book for her for a week so she can buy it at the end of the week if her research shows the book is worth it. kai takes penny’s $10 but dies the next day. penny notifies kai’s widow that she wants to buy the book anyway. does penny have the right to buy the book for $1,000? a. yes, but only if kai's surviving family members do not object. b. yes, but only if she sent her acceptance in the mail prior to kai's death. c. yes, but only if the acceptance was received by prior to his death. d. yes, as long as she acted to buy the book within a week of the original agreement. e. no, because paul's death invalidates their original agreement.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm