Which one of the following accounts most likely would appear on the income statement of a merchandise company, but not on the income statement of a service company?
a. Income Tax Expense
b. Cost of Goods Sold
c. Selling Expenses
d. Administrative Expenses
b
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________ requires lawsuits to be heard by the court with jurisdiction that is nearest to the location where the incident occurred or where the parties reside.
A. Jurisdiction B. Venue C. Circuit D. Doctrine of stare decisis
Briefly describe geographic segmentation
What will be an ideal response?
The term ________ refers to the computer and electronic technology that makes it possible for banks to offer electronic payment and collection systems to bank customers
A) electronic protocols application software (EPAS) B) electronic funds transfer system (EFTS) C) originating depository financial institution (ODFI) D) open real-time currency application (ORCA)
If a will client is discussing her family with the paralegal, and she mentions that she only has two children and three grandchildren whom she would like to take under her will, that client wishes to leave her estate to her:
A) lineal descendants. B) lineal ascendants. C) collateral relatives. D) trustee and administrator.