In this case, a person M hired a fire safety consultancy OFP, owned by the person D for the disposal of insulation from his building. D and M's employees were aware of the fact that the insulation contains asbestos but they did not have a license for its removal. Ignoring this fact, they completed the work by dumping the hazardous substance at certain places which resulted in the cleaning cost of &&#35;36;50,000. The court convicted M for the violation of the Clean Air Act and he was sentenced an imprisonment for 120 months as well as fine. To find: The results if M had the license for removing asbestos.

Question

Want to see the full answer?

Answer 1

Question

Chapter 25, Problem 1CT

Summary Introduction

Case summary:In this case, a person M hired a fire safety consultancy OFP, owned by the person D for the disposal of insulation from his building. D and M's employees were aware of the fact that the insulation contains asbestos but they did not have a license for its removal. Ignoring this fact, they completed the work by dumping the hazardous substance at certain places which resulted in the cleaning cost of &#36;50,000. The court convicted M for the violation of the Clean Air Act and he was sentenced an imprisonment for 120 months as well as fine.

To find:The results if M had the license for removing asbestos.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

You want to buy equipment that is available from 2 companies. The price of the equipment is the same for both companies. Silver Fashion would let you make quarterly payments of $14,930 for 8 years at an interest rate of 1.88 percent per quarter. Your first payment to Silver Fashion would be today. Valley Fashion would let you make X monthly payments of $73,323 at an interest rate of 0.70 percent per month. Your first payment to Valley Fashion would be in 1 month. What is X?

Please need answer the general accounting question

General accounting