The Seattle Sounders, a professional hockey team, agree to a two year employment contract with Reggie. The Seattle Sounders' owner signs the contract and delivers it to Reggie. Reggie does not sign the contract, but just keeps it in his safe. With respect to this contract: a. neither party will be able to enforce the contract against the other since it was not signed by both parties.
b. the Seattle Sounders will be able to enforce it against Reggie since their owner signed it, but Reggie will not be able to enforce it against the Seattle Sounders since he did not sign it.
c. Reggie will be able to enforce it against the Seattle Sounders since their owner signed it, but the Seattle Sounders would not be able to enforce it against Reggie since he did not sign it.
d. both parties will be able to enforce it agaisnt the other, even if the other party does not want to be bound to it, since it was signed by at least one party.

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ