Lewis is a state court judge. Like other judges, Lewis often refers to secondary sources of law for guidance. These sources include
A. official comments to statute.
B. other states' statutes.
C. state constitutions.
D. the U.S. Constitution.
Answer: A
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The zone of ________ is a range where a service dimension is deemed satisfactory, anchored by the minimum level consumers are willing to accept and the level they believe can and should be delivered
A) immunity B) tolerance C) reliability D) assurance E) flexibility
Myron, Inc. manufactures and sells computer monitors with a three-year warranty. Warranty costs are expected to average 7% of sales during the warranty period. The following table shows the sales and actual warranty payments during the first two years of operations:
2016 Sales: $500,000 Warranty Payments: $4,500 2017 Sales: $800,000 Warranty Payments: $40,000 Based on these facts, what amount of warranty liability should Myron, Inc., report on its balance sheet at December 31, 2017? A) $59,500 B) $$46,500 C) $87,500 D) $91,000
A(n) ________ is a legal document that describes a securities issue and is made available to potential investors
A) disclosure statement B) offering contract C) prospectus D) tombstone E) none of the above
Stone Corporation reported pretax book income of $1,000,000. Tax depreciation exceeded book depreciation by $300,000. In addition, the reserve for bad debts decreased by $50,000. Stone had a net deferred tax asset of $34,000 at the beginning of the year, representing a net deductible temporary difference of $100,000. At the beginning of the tax year, Congress reduced the corporate tax rate from 34 percent to 21 percent. Compute the company's current and deferred income tax expense or benefit.
What will be an ideal response?