Which of the following statements is true of international law?
A) All legal matters of international importance are prosecuted by a single world court that is responsible for interpreting international law.
B) The enforcement of international law is regulated by a unitary world executive branch.
C) There is no single legislative source of international law.
D) All countries have to follow the international law enacted by other countries.
C
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The family is the most important consumer buying organization in society, and family members constitute the most influential primary reference group. We can distinguish between two family categorization in the buyer's life
Name the two families and their impact on buying behavior.
An ownership interest of greater than 50 percent is required for an investor to have accounting control over an investee
Indicate whether the statement is true or false
During deflationary periods, the use of the LIFO method of costing inventory will result in a lower amount of current assets than would result from the use of the FIFO method
Indicate whether the statement is true or false
Tanning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $300,000 and credit sales are $1,000,000. An aging of accounts receivable shows that 5% will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Bad Debts account has a credit balance of $2,000 before the adjustment?
A) Bad Debts Expense 13,000Allowance for Bad Debts 13,000 B) Bad Debts Expense 15,000Allowance for Bad Debts 15,000 C) Bad Debts Expense 13,000Accounts receivable 13,000 D) Bad Debts Expense 15,000Accounts receivable 15,000