Possession of the purse and its contents

Assignment Help Accounting Basics

Reference no: EM13151232

Jackie is trying on clothes in the dressing room of Highspot Department Store. Jackie goes home, but leaves her purse in the dressing room. A Highspot employee, Maxine, finds the purse in the dressing room and gives it to the storeowner. Assuming Jackie never returns to claim the purse, who gets possession of the purse and its contents, assuming the purse is (a) lost, (b) mislaid, or (c) abandoned?

Reference no: EM13151232

Questions Cloud

What is the final temperature of the system : A 515 g piece of copper tubing is heated to 95.0°C and placed in an insulated vessel containing 57.0 g of water at 30.0°C.

Problem related to the lease liability : Assume the present value of minimum lease payments at the inception of the lease and before the first annual payment was $615,000 and Jordan appropriately classified the lease as a capital lease. What is the lease liability Jordan should report in..

Find difference in proportion of customers prefer each day : A sample of 420 families revealed the following. At the 0.05 significance level, is there a difference in the proportion of customers that prefer each day of the week?

Explain what proportion of phosphoglycerate will carry : What proportion of 3-phosphoglycerate will carry 14C after five enzymatic turnovers (five equivalents of CO2 are fixed) if purified active

Possession of the purse and its contents : Assuming Jackie never returns to claim the purse, who gets possession of the purse and its contents, assuming the purse is (a) lost, (b) mislaid, or (c) abandoned?

What are the potential consequences of ignoring emergent : What is the difference between deliberate strategies and emergent strategies? How might emergent help with a future strategic planning process? what are the potential consequences of ignoring emergent strategies?

What is the freezing point of a solution : What is the freezing point of a solution of aluminum chloride that contains 42.0 g AlCl3 dissolved in 530. g of water?

Us government managed to accumulate : Explain how the US government managed to accumulate a debt of over 14 trillion. To whom does it owe this debt? Is the debt a burden on future generations?

Classification as a current asset : Which of the following should not be classified as a current asset? a) A one year installment receivable from the sale of a truck b) An investment expected to be needed for operations in the next year c) A one-year prepaid insurance policy d) A fund ..

User Account

All Pages