What is the key to all conditional clauses?
a. if a condition in a contract does not occur, public policy will require only substantial performance by the party for whom the condition failed.
b. if a condition in a contract does not occur, one party will probably be discharged without having to perform his or her obligations under the contract.
c. if a contract contains a conditional clause, the requirement of good faith will be eliminated.
d. if a contract contains a conditional clause, it must be expressly written with specific language?

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.