When a minor disaffirms a contract, he or she CANNOT keep whatever he or she has received as a result of the contract without paying for it.?
Indicate whether the statement is true or false
True
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Private letter rulings and technical advice memoranda are primary authority for those taxpayers to whom they were issued.
Answer the following statement true (T) or false (F)
When units are purchased at different costs over time, determining the cost per unit assigned to inventory items is simple.
Answer the following statement true (T) or false (F)
Notes receivable typically arise from sales to customers.
Answer the following statement true (T) or false (F)
Suppose that AmTrain, a U.S.-based company, is submitting bids for the construction of a high-speed rail system in India by the Indian government. AmTrain has met with and wants to hire Josh Griffin, an international consultant who has worked with many Fortune 100 companies in their foreign business operations. AmTrain requires all of its agents, consultants, and contractors who work with it on
its international operations to sign a statement in which they promise to comply with the FCPA. Griffin has refused to sign the AmTrain FCPA form. Which of the following best describes AmTrain's position when it receives the refusal? a. The refusal is a red flag that would require AmTrain to at least do additional due diligence on Griffin b. AmTrain has not violated the FCPA if it hires Griffin and he does something its agreement prohibits c. AmTrain is not subject to the FCPA when contracts are with government agencies and not private foreign companies d. AmTrain has violated the FCPA by attempting to deal with Griffin