The HTS rule of interpretation that provides that where an article could be classified under more than one heading, it must be classified under the one that most specifically describes it, is:
a. the rule of specific classification.
b. the rule of relative specificity.
c. the rule of classification by essential character.
d. the relativity rule.
b
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Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot Affected = NANorth Co. issued a note to purchase a building.Assets=Liabilities+Common Stock+Retained Earnings???????
What will be an ideal response?
Net operating profit after taxes (NOPAT) represents a firm's earnings after deducting both interest and taxes
Indicate whether the statement is true or false
Information process control goal input validity of______________________________ is achievedwhen there is a documented valid, unpaid vendor invoice for each payment. ?
Fill in the blank(s) with the appropriate word(s).
Halifax Products sells a product for $75. Variable costs per unit are $50, and monthly fixed costs are $75,000. Answer the following questions:a. What is the break-even point in units?b. How many units would need to be sold to earn a target profit of $200,000?c. Assuming they achieve the level of sales required in part b, what is the margin of safety in sales dollars?
What will be an ideal response?