Describe the doctrine of precedent and its application to common law
The doctrine of precedent, which developed gradually over centuries, requires that judges decide current cases based on previous rulings. This vital principle is at the heart of American common law. Precedent ensure predictability. The accumulation of precedent, based on case after case, makes up the common law.
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A cash collection from a customer pertaining to a sale from the prior year will result in cash flow being reported in this year's statement of cash flows.
Answer the following statement true (T) or false (F)
When you ______ an emotion, you diminish your facial expressions so that audience members will judge your behavior as more acceptable.
a. intensify b. deintensify c. neutralize d. mask
The business plan should deceive neither investors nor loan officers and should convey accurate and realistic expectations of business potential.
Answer the following statement true (T) or false (F)
When a special revenue fund accounts for grants that are awarded on a reimbursement basis, revenues are recognized only after qualified expenditures have been recognized.
Answer the following statement true (T) or false (F)