Differentiate between in personam jurisdiction and in rem jurisdiction
What will be an ideal response?
In personam jurisdiction is the power of a court to decide matters relating to a natural or juridical person physically present within the forum state. Natural persons subject to in personam jurisdiction include nationals of the forum state, individuals physically present within the state, individuals domiciled in the state, and individuals who consent to such jurisdiction. In rem jurisdiction is the power of a court to determine the ownership rights of all persons with respect to particular property located within the territory of the forum state.
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From a group of six people, two individuals are to be selected at random. How many selections are possible?
A. 12 B. 36 C. 15 D. 8
Industries with relatively high market-to-book ratios are more likely to have ___________________________________ assets
Fill in the blank(s) with correct word
Accrued revenues
A. have been earned and collected, but not yet recorded. B. have been collected, but not yet earned or recorded. C. have been collected and recorded. D. have been earned, but not yet collected or recorded.
Which of the following is/are true?
a. Comprehensive income equals the net amount of revenues, expenses, gains, and losses during an accounting period. b. Authoritative guidance classifies revenues and expenses arising from a firm's core business as components of net income. c. Net income includes gains and losses from sales or exchanges of assets or settlements of liabilities related incidentally or peripherally to the firm's core business. d. Authoritative guidance classifies gains and losses from the remeasurement of certain assets and liabilities as either net income or other comprehensive income. e. All of the above answer choices are true.