In business law, a lawyer's primary job is to represent the client in contract litigation
a. True
b. False
Indicate whether the statement is true or false
False
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ABC Group (ABC), headquartered in Switzerland, is one of the world's largest engineering companies. ABC applies U.S. GAAP, and reports its results in millions of U.S. dollars. Based on ABC's financial reports for fiscal 2013, at January 1, 2013, ABC reported a balance in its Prepaid Rent account of $247 million; assume that this amount reflects its prepayments of rent on factory and office space
for the next month. Assume also that on January 31, 2013, ABC paid $3,200 million as the annual rent for the period from February 1, 2013, to January 31, 2014 . ABC has a calendar year reporting period. Select the correct journal entries that ABC Group would make during January 2013 that affect the Prepaid Rent account. a. Rent Expense $3,200 million Cash $3,200 million Prepaid Rent $247 million Rent Expense $247 million b. Rent Expense $3,200 million Prepaid Rent $3,200 million Prepaid Rent $247 million Cash $247 million c. Rent Expense $3,200 million Prepaid Rent $3,200 million Prepaid Rent $247 million Cash $247 million d. Rent Expense $247 million Prepaid Rent $247 million Prepaid Rent $3,200 million Cash $3,200 million e. none of the above
If a company produces more than one product, which of the following statements is true?
a. The break-even point is computed by dividing the WACM into the total contribution margin. b. The break-even point is computed by dividing the WACM into the total variable costs. c. The break-even point is computed by dividing the WACM into the total sales revenue. d. The break-even point is computed by dividing the weighted average contribution margin (WACM)into the total fixed costs.
Which of the following gives employees the right to join together to form a union?
A) Section 1 of the Wagner Act B) Section 3 of the Landrum-Griffin Act C) Section 7 of the National Labor Relations Act D) Section 1 of the Taft-Hartley Act
Why should you emphasize the reader rather than the product or idea you are proposing?