Bill attends a garage sale being held by his neighbor. His neighbor very rarely has a garage sale. At the sale Bill purchases a used lawnmower with the sign on top which clearly states "as is with all faults". Bill paid $75 for the lawn mower and soon after he purchasing it has mechanical trouble with the mower. Which of the following is correct regarding this transaction?A. Bill's neighbor has made an implied warranty of merchantability. B. Bill's neighbor has made an express warranty regarding the mechanical condition of the lawnmower. C. Bill's neighbor has made an implied warranty of fitness for a particular purpose specifically that the mower is fit to cut grass. D. Bill's neighbor has made no warranties with respect to the lawn mower sold to Bill. E. None of the above.

Which type of investment offers both capital gains and interest income? a. property b. cds c. stocks d. bonds

Which of the following would be an accurate statement about achieving a balanced budget

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."