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A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. This can be done to correct a mistake; to record that long-term assets or liabilities have become current; or to record that an asset is now being used for a different purpose (e.g. lands becoming investment property intended for resale, rather than as property ...
Employers must report the incomes of employees and independent contractors using the IRS forms W-2 and 1099, respectively.Employers pay various taxes (i.e. Social Security and Medicare taxes, unemployment taxes, etc.) on the wages of a worker that is classified as an employee.
Specifically, the UCC has replaced the Restatement (Second) of Contracts in regard to the sale of goods. The Restatement (Second) of Contracts remains the unofficial authority for aspects of contract law which find their genesis in the common law principles of the United States and, previously, England. [citation needed]
Sheeran was accused of calling the victim the n-word while a third teen allegedly called him “George Floyd" because he couldn't breathe during the attempted drowning, according to prosecutors.
A Texas bride was left "feeling disrespected" after a guest allowed their baby to scream during her wedding ceremony. The bride, Claire Kendall Taetz, shared a video of the incident on TikTok ...
The Restatement (Second) of Contracts states that the elements of consideration are as follows: 1. A performance or a return promise must be bargained for. 2. A performance or return promise is bargained for if it is sought by the promisor in exchange for his promise and is given by the promisee in exchange for that promise. 3.
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As of February 21, of the schools currently reclassifying to Division I: St. Thomas, [13] Lindenwood, [14] Southern Indiana, [15] and East Texas A&M [16] have announced that they will be using the shorter reclassification periods.