Tort law evolves through time by court decisions that reflect social values and community standards
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is true of decoding?
A. In most cases, decoding occurs smoothly when a common ground does not exist. B. It is heavily influenced by the receiver's frame of reference. C. It is an interpretation process that requires expert knowledge. D. It is not influenced by the receiver's field of experience. E. In order for the process to be effective, the decoder must contradict the encoder.
Thompson raised 80 acres of corn, most of which he used to feed his own cattle. He locally sold what he did not use. Based on the Supreme Court's ruling in Wickard v. Filburn:
a. Congress has no authority over Thompson's activity based on the negative aspect of the Commerce Clause. b. Congress may regulate Thompson's farming activity because it has a substantial economic effect on interstate commerce. c. only Thompson's local government can regulate his farming activity. d. only Thompson's state and local governments can regulate his farming activity.
What is the probability that X is between 1 and 3?
On January 1, 2013, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows: Moody OsorioCash$180 $40 Receivables 810 180 Inventories 1,080 280 Land 600 360 Buildings (net) 1,260 440 Equipment (net) 480 100 Accounts payable (450) (80)Long-term
liabilities (1,290) (400)Common stock ($1 par) (330) Common stock ($20 par) (240)Additional paid-in capital (1,080) (340)Retained earnings (1,260) (340)??Note: Parentheses indicate a credit balance.??In Moody's appraisal of Osorio, three assets were deemed to be undervalued on the subsidiary's books: Inventory by $10, Land by $40, and Buildings by $60.?Compute the amount of consolidated buildings (net) at date of acquisition. A. $1,700. B. $500. C. $1,320. D. $1,640. E. $1,760.