Under the ________, companies carrying on business outside the United States will come within the subject-matter jurisdiction of an American court if their business activity is intended to affect U.S. commerce and is not de minimis
A. national eligibility test
B. minimum contact test
C. effects test
D. per se test
C
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Since retained earnings are viewed as a fully subscribed issue of additional common stock, the cost of retained earnings is ________
A) less than the cost of new common stock equity B) equal to the cost of new common stock equity C) greater than the cost of new common stock equity D) not related to the cost of new common stock equity
Under the ______, the respective parties are protected by a careful description of the documents that will trigger payment
A) letter of credit rule. B) standby letter rule. C) independence rule. D) strict compliance rule.
The right to cut firewood from another's property would constitute a profit
Indicate whether the statement is true or false
How competitors calculate depreciation is most likely to affect comparisons between competitors if property, plant and equipment:
A. makes up a small percentage of assets and average useful lives are fairly similar. B. makes up a large percentage of assets and average useful lives are fairly different. C. makes up a small percentage of assets and assets are financed in a different way. D. is primarily leased in the industry, not purchased.