Lewis signed a contract for the rights to all timber located on nine-mile mine. he agreed to pay $70 per thousand board feet ($70/mbf). as he began work, nine-mile became convinced that lewis lacked sufficient equipment to do the job well and forbade him to enter the land. lewis sued. nine-mile moved for summary judgment. the mine offered proof that the market value of the timber was exactly $70/mbf, and lewis had no evidence to contradict nine-mile. the evidence about market value proved decisive. why

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

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On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?