Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. one of sebastians employees unfortunately left a p

One of Sebastians employees unfortunately left a piece of equipment on the sidewalk at the...

60.1K

Verified Solution

Question

Accounting

One of Sebastians employees unfortunately left a piece of equipment on the sidewalk at the job site, and a local citizen tripped over the equipment and fell, breaking his ankle. Since Sebastians employee was negligent, the injured local citizen sued the business and received a legal judgment from the district judge in the amount of $10,000 on December 30,2023. Given the New Years holiday, Sebastian did not pay the judgment until January 5,2024. Sebastian does not use the recurring item exception. When can Sebastian deduct the litigation settlement, and why?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write a program in C to perform the following: Generates an array of 10 double random...

Programming
Q

Clinical psychology refers to the application of psychological principles and theories in the assessment and treatment...

Psychology
Q

Write a program for the msp430 to make led1 and led 2 alternate blinking 2. repeat...

Electrical Engineering
Q

Where do atheism and Christianity agree and disagree on views of the origin of the universe? What...

Psychology
Q

Lemington’sis trying to determine how many Jean Hudson dresses to order for the spring season. Demand...

Basic Math
Q

Your company was awarded a tender to collect and return a construction team of 15 workers...

General Management
Q

The isolation of a single species of microbe is a(n):inoculummediumpure culturebacterial cell

Biology
Q

b Why is it much more difficult to see interference fringes for light reflected from...

Physics
Q

c Consider the following theorem If f is integrable on a b then Use this...

Calculus
Q

a Determine whether the Mean Value Theorem applies to the function f x 7 x...

Calculus
Q

Account for the issuance of bonds 9of12 Knowledge Check 2 On January 1, Year 1,...

Accounting
Q

1. Explain the nature of cooperation during the medieval times. 2. During your gathering of...

Finance