Partners smith and jones decide to close their business and share the profits equally. they sell the partnership's non-cash assets. the transactions for the sales are below: 1. the merchandise inventory, which cost $45,000, was sold for $38,000.2. the office equipment, with a book value of $27,000 was sold for $29,000.instructions: record the transactions in a general journal form.

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In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?