One of the NALA Code of Ethics and Professional Responsibility is "A paralegal's conduct is guided by bar associations' codes of professional responsibility and rules of professional conduct."
Indicate whether the statement is true or false.
TRUE
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Post-SOX, the accounting/auditing standards setting function has been relegated to:
a. The FASB alone. b. The FASB and the PCAOB. c. The AICPA. d. The IASB.
Compare and contrast the characteristics of the CAP, APB, and FASB.
What will be an ideal response?
A company's old machine that cost $40,000 and had accumulated depreciation of $22,000 was traded in on a new machine having an estimated 20-year life with an invoice price of $45,000. The company also paid $33,000 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at:
A. $33,000. B. $18,000. C. $51,000. D. $45,000. E. $40,000.
Generally, State A may exercise "long arm" jurisdiction over a defendant located in State B if the defendant:
A) once resided in State A. B) uses a product produced in State A. C) made a contract in State A. D) has relatives in State A.