Administrative agencies are established to enforce and interpret statutes enacted by Congress and state legislatures
Indicate whether the statement is true or false
TRUE
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Place Company started construction of a new office building on January 1 . 2014, and moved into the finished building on July 1 . 2015 . Of the building's $5,000,000 total cost, $4,000,000 was incurred in 2014 evenly throughout the year. Place's incremental borrowing rate was 1 . percent throughout 2014, and the total amount of interest incurred by Place during 2014 was $204,000 . What amount
should Place report as capitalized interest at December 31 . 2014? a. $480,000 b. $300,000 c. $240,000 d. $204,000
An abnormal loss:
a. is treated as a period cost. b. is included as part of the cost of transferred goods. c. results in higher unit cost of the remaining units. d. happens under normal, efficient operating conditions.
Which of the following statements is true of defenses to a negligence-based product liability action?
A) For misuse of a product to constitute a valid defense, the misuse must be unreasonable or unforeseeable. B) An employee using an unsafe machine at work is presumed to have assumed the risk. C) If contributory negligence is proved, the plaintiff can recover for only that portion of the harm attributable to the defendant's negligence. D) If pure comparative negligence is proved, the plaintiff is barred from recovery.
While training a new hire in a law office, an experienced paralegal explains that a summons must be issued with every complaint in a lawsuit that is asking for monetary damages and that the defendant must be served according to the Rules of Civil
Procedure. That paralegal is addressing the issue of: A) procedural due process. B) equal protection. C) compliance. D) supremacy clause.