Describe the role of novation in the purchase of a going business.
Question:
Describe the role of novation in the purchase of a going business.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
Novation plays a crucial role in the purchase of a going business especially when there are existing contracts and obligations involved Novation essen...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
The Law And Business Administration In Canada
ISBN: 9780133251678
14th Edition
Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
Question Posted:
Students also viewed these Social Science questions
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
Nav Bharat Opticals Ltd manufactures hi-tech sunglasses. We are given that the variable materials cost is $5.43 per unit, and the variable labour cost is $3.13 per unit. Additionally, the fixed costs...
-
The simple Keynesian model can be analyzed in terms of the TE-TP framework. 1. List the different names for the TE-TP framework. 2. Explain how a total expenditures curve is derived, and what causes...
-
1. Our Play has (14.4/9.86) days of sales tied up in receivables, which is much (higher/lower) than the industry average. It takes Our Play (less/more) time to collect cash from its customers than it...
-
The National Center for Health Statistics published the following data on the leading causes of death in 2010 in National Vital Statistics Reports. Deaths are classified according to the tenth...
-
A general fund ordered supplies with an expected cost of $3,000. This amount is encumbered. The supplies are received with an invoice of $3,100. The entries to record the receipt of the supplies...
-
The StatCrunch printout below was obtained from fitting the model y = b0 + b1x1 + b2x2 + b3x1x2 + e to n = 15 data points. a. What is the prediction equation? b. Give an estimate of the slope of the...
-
1. How would you describe the culture at BMW? 2. What model of leadership is illustrated at BMW? How does this impact BMWs culture? 3. Using the concepts illustrated in the job characteristics model,...
-
e 180-182, 185-187 the war. Place in chronological order the events leading up to the end of the Revolutionary War
-
Does a contract exist at all before a condition precedent has been satisfied? Explain.
-
In what respect does the arrangement known as accord and satisfaction involve a discharge of a contract?
-
Planning: Using Storytelling Techniques; Communication Ethics: Providing Ethical Leadership; Media Skills: Podcasting, Chapter 1, Chapter 8 Research recent incidents of ethical lapses by a business...
-
Pink Jeep Tours offers off-road tours to individuals and groups visiting the Southwestern U.S. hotspots of Sedona, Arizona, and Las Vegas, Nevada. Take a tour of the companys Web site at...
-
The following are unrelated accounting practices: 1. Pine Company purchased a new \(\$ 30\) snow shovel that is expected to last six years. The shovel is used to clear the firm's front steps during...
-
Identify whether the following statements are true or false. 1. One argument for IFRS is that there is less globalization in the world. 2. IFRS is accepted as GAAP in every country of the world. 3....
-
You will need isometric dot paper for this question. Part of a pattern using four rhombuses is drawn on isometric dot paper below. By drawing two more rhombuses, complete the pattern so that it has a...
-
Fred Flores operates a golf driving range. For each of the following financial items related to his business, indicate the financial statement (or statements) in which the item would be reported:...
-
Where may fraud examiners and forensic accountants find data?
-
Which of the following is FALSE regarding the purchasing power parity (PPP). a. The PPP is a manifestation of the law of one price b. The PPP says that a country with a higher expected inflation can...
-
What risks do lengthy contractsas found in the car rental industrypose to the consumer and to the business supplying the vehicle?
-
Kristin signed a user agreement with Hagels Cable, Inc. (Hagels), upon installation of high-speed Internet service in her home. Included in the agreement was a provision that the agreement could be...
-
The Supreme Court of Canada in Bhasin stated that there is a new duty of honesty in contractual performance. What is this duty and how might it interfere with freedom of contract?
-
Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $11,100. He is single and claims 1 deduction. Before this payroll, Barretts cumulative...
-
Bass Accounting Services expects its accountants to work a total of 26,000 direct labor hours per year. The company's estimated total indirect costs are $ 260,000. The company uses direct labor hours...
-
The Balance Sheet has accounts where the accountant must make estimates. Some situations in which estimates affect amounts reported in the balance sheet include: Allowance for doubtful accounts....
Study smarter with the SolutionInn App